Indication intelligence, analysis and sector perception

Vericel (VCEL) proposes 6.2 M share $17 M offering at $2.75

December 15, 2016 8:37pm

VCEL closed DOWN -$0.60 to $3.50; and is DOWN another -$0.43 or -12.27% - SELL;

VCEL closed DOWN -$0.60 to $3.50 following Wednesday’s $4.10 (+$1.50) after Tuesday’s $2.60 (-$0.05) and FDA approving MACI® (autologous cultured chondrocytes on porcine collagen membrane) for the repair of symptomatic single or multiple full-thickness cartilage defects of the knee with or without bone involvement in adults.

As I had stated on Thursday, after every run-up, many sell; cash on hand has been VCEL’s biggest issue as debt increased, ATM usage doubled – be ready for an offering.

And lo and behold, VCEL has proposed an offering with PiperJaffrey as its banker.

At the opening VCEL was -$0.43 or -12.27% -

BIG discount but, NO warrants, SELL

35 companies, 1 interpreter!

Insight, foresight and recommendation

What's Happening Today

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