{"id":689514,"date":"2022-09-28T00:11:08","date_gmt":"2022-09-28T04:11:08","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/gamida-cell-announces-pricing-of-approximately-20-million-public-offering-of-ordinary-shares\/"},"modified":"2022-09-28T00:11:08","modified_gmt":"2022-09-28T04:11:08","slug":"gamida-cell-announces-pricing-of-approximately-20-million-public-offering-of-ordinary-shares","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/gamida-cell-announces-pricing-of-approximately-20-million-public-offering-of-ordinary-shares\/","title":{"rendered":"Gamida Cell Announces Pricing of Approximately $20 Million Public Offering of Ordinary Shares"},"content":{"rendered":"

<\/p>\n

Gamida Cell Announces Pricing of Approximately $20 Million Public Offering of Ordinary Shares<\/b><\/p>\n

BOSTON–(BUSINESS WIRE<\/a>)–
\nGamida Cell Ltd. (Nasdaq: GMDA), the global leader in the development of NAM-enabled cell therapies for patients with hematologic and solid cancers and other serious diseases, today announced the pricing of a follow-on public offering of 12,905,000 of its ordinary shares at a public offering price of $1.55 per share for aggregate gross proceeds of $20 million, before deducting underwriting discounts and commissions and estimated offering expenses. In addition, Gamida Cell has granted the underwriters a 30-day option to purchase up to an additional 1,935,750 ordinary shares at the public offering price, less the underwriting discounts and commissions. The offering is expected to close on or about September 30, 2022, subject to satisfaction of customary closing conditions.\n<\/p>\n

\nGamida Cell intends to use the net proceeds from this offering, together with its existing cash and cash equivalents and trading financial assets: for (i) commercial readiness activities to support potential launch of omidubicel, if approved; (ii) the continued clinical development of its NK product candidates, including GDA-201; and (iii) general corporate purposes, including general and administrative expenses and working capital.\n<\/p>\n

\nPiper Sandler & Co. and JMP Securities, a Citizens Company, are acting as joint book-running managers for this offering.\n<\/p>\n

\nA registration statement on Form S-3 (File No. 333-259472) relating to the ordinary shares has been filed with the Securities and Exchange Commission and declared effective on April 1, 2022. This offering will be made only by means of a prospectus supplement. Copies of the final prospectus supplement and the accompanying prospectus related to this offering may be obtained, when available, from: Piper Sandler & Co., 800 Nicollet Mall, J12S03, Minneapolis, Minnesota 55402, Attention: Prospectus Department, by telephone at (800) 747-3924 or by email at prospectus@psc.com<\/a>,or JMP Securities LLC, 600 Montgomery Street, Suite 1100, San Francisco, California 94111, Attention: Prospectus Department, by calling (415) 835-8985, or by e-mail at syndicate@jmpsecurities.com<\/a>. Investors may also obtain these documents at no cost by visiting the SEC\u2019s website at http:\/\/www.sec.gov<\/a>.\n<\/p>\n

\nThis press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities, in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.\n<\/p>\n

About Gamida Cell<\/b><\/p>\n

\nGamida Cell is pioneering a diverse immunotherapy pipeline of potentially curative cell therapy candidates for patients with solid tumor and blood cancers and other serious blood diseases. We apply a proprietary expansion platform leveraging the properties of NAM to allogeneic cell sources including umbilical cord blood-derived cells and NK cells to create therapy candidates with potential to redefine standards of care. These include omidubicel, an investigational product with potential as a life-saving alternative for patients in need of bone marrow transplant, and a line of modified and unmodified NAM-enabled NK cells targeted at solid tumor and hematological malignancies.\n<\/p>\n

Forward Looking Statements<\/b><\/p>\n

\nThis press release contains forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995, including with respect to the use of proceeds and timing and consummation of the closing of the public offering. These forward-looking statements are subject to a number of risks, uncertainties and assumptions, including those that are described in the Risk Factors sections of the preliminary prospectus supplement for such offering filed with the SEC on September 27, 2022, and the documents incorporated by reference therein, including without limitation the Company\u2019s Quarterly Report on Form 10-Q filed with the SEC on August 15, 2022, the accompanying prospectus and other filings that Gamida Cell makes with the SEC from time to time (which are available at http:\/\/www.sec.gov<\/a>), any of which could cause the events and circumstances discussed in such forward-looking statements to not occur on the terms described or at all. Prospective investors are cautioned not to place undue reliance on such forward-looking statements, which speak only as of the date hereof. Gamida Cell undertakes no obligation to update any such forward-looking statements after the date hereof, except as required by law.\n<\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20220927006162\/en\/<\/a><\/span><\/p>\n

Investor:
\n<\/b>
Courtney Turiano
\n
Stern Investor Relations, Inc.
\n
Courtney.Turiano@sternir.com
\n<\/a>
1-212-362-1200\n<\/p>\n

Media Inquiries:
\n<\/b>
Heather DiVecchia
\n
Director, IR and Corporate Communications
\n
Heather@gamida-cell.com
\n<\/a>
1-617-892-9083\n<\/p>\n

KEYWORDS:<\/b> United States North America Massachusetts<\/p>\n

INDUSTRY KEYWORDS:<\/b> Health Oncology Stem Cells Other Health<\/p>\n

MEDIA:<\/b><\/p>\n\n","protected":false},"excerpt":{"rendered":"

Gamida Cell Announces Pricing of Approximately $20 Million Public Offering of Ordinary Shares BOSTON–(BUSINESS WIRE)– Gamida Cell Ltd. (Nasdaq: GMDA), the global leader in the development of NAM-enabled cell therapies for patients with hematologic and solid cancers and other serious diseases, today announced the pricing of a follow-on public offering of 12,905,000 of its ordinary shares at a public offering price of $1.55 per share for aggregate gross proceeds of $20 million, before deducting underwriting discounts and commissions and estimated offering expenses. In addition, Gamida Cell has granted the underwriters a 30-day option to purchase up to an additional 1,935,750 ordinary shares at the public offering price, less the underwriting discounts and commissions. The offering is expected to close on … <\/p>\n

Continue reading “Gamida Cell Announces Pricing of Approximately $20 Million Public Offering of Ordinary Shares”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-689514","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nGamida Cell Announces Pricing of Approximately $20 Million Public Offering of Ordinary Shares - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/gamida-cell-announces-pricing-of-approximately-20-million-public-offering-of-ordinary-shares\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Gamida Cell Announces Pricing of Approximately $20 Million Public Offering of Ordinary Shares - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Gamida Cell Announces Pricing of Approximately $20 Million Public Offering of Ordinary Shares BOSTON–(BUSINESS WIRE)– Gamida Cell Ltd. (Nasdaq: GMDA), the global leader in the development of NAM-enabled cell therapies for patients with hematologic and solid cancers and other serious diseases, today announced the pricing of a follow-on public offering of 12,905,000 of its ordinary shares at a public offering price of $1.55 per share for aggregate gross proceeds of $20 million, before deducting underwriting discounts and commissions and estimated offering expenses. In addition, Gamida Cell has granted the underwriters a 30-day option to purchase up to an additional 1,935,750 ordinary shares at the public offering price, less the underwriting discounts and commissions. 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