SELLAS raises $31 million through warrant exercise by institutional investor
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SELLAS Life Sciences Group Announces Exercise of Existing Warrants Held by a Current Institutional Investor for $31 Million in Gross Proceeds
October 27, 2025 8:30 AM EDTNEW YORK, Oct. 27, 2025 (GLOBE NEWSWIRE) -- SELLAS Life Sciences Group, Inc. (NASDAQ: SLS) (SELLAS or the Company), a late-stage clinical biopharmaceutical company focused on the development of novel therapies for a broad range of cancer indications, today announced the immediate exercise of warrants, previously issued in March and August 2024 (the Existing Warrants), to purchase up to 22,363,714 shares of its common stock for gross cash proceeds of approximately $31.0 million.
In consideration for the immediate exercise in full of the Existing Warrants, the investor will receive new registered warrants to purchase up to... More
