Creative Medical Technology Holdings Inc (CELZ) Stock Suddenly Soars 28%

If you are looking into the some of the biggest movers in the market this week then it might be the ideal time to take a peek into Creative Medical Technology Holdings Inc (OTCMKTS:CELZ). The stock experienced heavy action on Tuesday and rallied by as much as 28% as investors piled on to it in a big way.

While there was no news about the company on Tuesday, it should be noted that on Monday Creative Medical Technology had made an announcement with regards to the signing of a definitive agreement with some institutional investors. As per the agreement with the institutional investors, the company is going to be able to generate $3,788,000 in gross proceeds.

It goes without saying that the signing of the agreements was a major development for the company and it appears that the market is fairly optimistic about the capital infusion into Creative Medical Technology as well. As per the provisions of the definitive agreements, the company will be able to make a private placement of 15% Original Issue Discount Senior Notes and the total principal amount is going to be around $4,456,000. You could consider keeping track of the Creative Medical Technology stock today and see if it rallied further this morning.