CTI Files Registration Statement for Follow-on Public Offering.Business Editors/Health & Medical Writers SEATTLE--(BW HealthWire)--March 24, 2000 Cell Therapeutics, Inc. (cti) (Nasdaq:CTIC CTIC Conservation Technology Information Center CTIC Chicago Title Insurance Company CTIC Centro Tecnológico de la Información y de la Comunicación (Spanish: Center for the Development of Information and Communication Technologies in Asturias) ) announced that it has filed a registration statement with the Securities and Exchange Commission for a follow-on offering Follow-On Offering An offering of additional shares after a company has had an initial public offering. Notes: This sometimes means the company is strapped for cash. So they need to issue more shares to pay bills or finance a new project. of 3,000,000 shares of its common stock. All shares will be offered by the Company. cti's common stock is traded on the Nasdaq National Market under the symbol "CTIC." The shares will be offered by an underwriting group managed by CIBC World Markets CIBC World Markets is the investment banking division of the Canadian Imperial Bank of Commerce. It helps governments, large companies, and other large institutions obtain capital and credit and is a primary dealer in U.S. Treasury securities. Corp. and U.S. Bancorp  This article or section needs copy editing for grammar, style, cohesion, tone and/or spelling.You can assist by [ editing it] now. Piper Jaffray Piper Jaffray & Co. (NYSE: PJC), often shortened to just Piper Jaffray or PiperJaffray, is a U.S. middle-market investment banking firm based in Minneapolis, Minnesota and is a focused on delivering financial advice, investment products and transaction execution . The underwriters will have an option to purchase an additional 450,000 shares to cover over-allotments, if any. cti is committed to developing an integrated portfolio of products to make cancer a more treatable disease. When publicly available, a copy of the prospectus related to the offering may be obtained from CIBC World Markets Corp. at 200 Liberty Street, New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , New York 10281, Attn: Prospectus Department or U.S. Bancorp Piper Jaffray at 222 South 9th Street, Minneapolis, MN 55402, Attn: Prospectus Department. A registration statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time that the registration statement becomes effective. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any State in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such State http://www.businesswire.com/cnn/ctic.htm |
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