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CVM > SEC Filings for CVM > Form 8-K on 5-Dec-2012All Recent SEC Filings

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Form 8-K for CEL SCI CORP


5-Dec-2012

Entry into a Material Definitive Agreement, Financial Statements and Exhibits


Item 1.01 Entry Into a Material Definitive Agreement

On December 4, 2012 CEL-SCI Corporation sold 35,000,000 shares of its common stock for $10,500,000 or $0.30 per share, in a registered direct offering. The investors in this offering also received Series R warrants which entitle the investors to purchase up to 26,250,000 shares of CEL-SCI's common stock. The Series R warrants may be exercised at any time on or after June 7, 2013 and on or before December 7, 2016 at a price of $0.40 per share.

CEL-SCI has agreed to pay Chardan Capital Markets, LLC, the placement agent for this offering, a cash commission of $682,500.

CEL-SCI has filed with the Securities and Exchange Commission a prospectus supplement to its shelf Registration Statement on Form S-3 registering the shares of common stock and warrants sold in this offering.

The transaction is expected to close on or before December 7, 2012. CEL-SCI will receive net proceeds of approximately $9,800,000 from the sale of the securities described above, after deductions for the placement agent's commissions and offering expenses.



Item 9.01 Financial Statements and Exhibits

      Exhibit Number          Description

         5                    Opinion of Counsel

         10(ii)               Form of  Securities  Purchase  Agreement  and
                              form of Series R warrant,  which  is an  exhibit
                              to  the  Securities  Purchase Agreement.

         10(jj)               Placement Agent Agreement

         23                   Consent of Attorneys

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