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Tuesday, Jul 23, 2024
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Aethlon Medical Selling $12.5 Million of Common Stock

Aethlon Medical Inc., a company that makes a blood-filtering device to treat infectious disease and cancer, is selling up to $12.5 million of its common stock, the company announced Wednesday.

The San Diego-based company filed a prospectus supplement with the Securities and Exchange Commission under which it can sell the stock through an “at-the-market” equity offering program.

Sales of common stock, if any, will be made in negotiated transactions at market prices at the time of a sale or at negotiated prices, the company said.

The shares will be offered through H.C. Wainwright & Co.

Aethlon’s stock is trading on the Nasdaq under AEMD for $5.61 per share.

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