Celsion to raise up to $15M in registered direct offering

Celsion Corp. (NASDAQ:CLSN) said it plans to raise up to $15 million through the sale of 15,000 shares of preferred stock in a registered direct offering to institutional investors. The preferred shares convert into about 12.1 million common shares. Investors will also receive five-year warrants to purchase up to 6 million shares at $1.18. Dawson James Securities is placement agent. Celsion was down $0.04 to $1.15 on Friday. ...