PROSPECTUS SUPPLEMENT NO. 1	Rule 424(b)(3)
DATED JUNE 13, 2017	Registration No. 333-214353
(To Prospectus dated November 16, 2016)

 

 

 

CELSION CORPORATION

 

 

630,252 Shares

Common Stock

  

 

This prospectus supplement (“Supplement”) modifies, supersedes and supplements information contained in, and should be read in conjunction with, that certain prospectus, dated November 16, 2016 related to the resale of our common stock from time to time by certain shareholders (“Prospectus”), of Celsion Corporation (“Company”). This supplement is not complete without, and may not be delivered or used except in connection with, the Prospectus and all supplements thereto.

 

The information contained in this Supplement modifies and supersedes, in part, the information in the Prospectus, as supplemented. Any information that is modified or superseded in the Prospectus shall not be deemed to constitute a part of the Prospectus, except as modified or superseded by this Supplement.

 

We may amend or supplement the Prospectus from time to time by filing amendments or supplements as required. You should read the entire Prospectus and any amendments or supplements carefully before you make an investment decision.

 

Investing in our common stock involves a high degree of risk. You are urged to read the section entitled “Risk Factors” beginning on page 11 of the Prospectus, which describes specific risks and other information that should be considered before you make an investment decision.

 

FORWARD-LOOKING STATEMENTS

 

You should carefully consider the risk factors set forth in the prospectus, as well as the other information contained in this supplement and the prospectus. This supplement and the prospectus contain forward-looking statements regarding events, conditions, and financial trends that may affect our plan of operation, business strategy, operating results, and financial position. You are cautioned that any forward-looking statements are not guarantees of future performance and are subject to risks and uncertainties. Actual results may differ materially from those included within the forward-looking statements as a result of various factors. Cautionary statements in the “Risk Factors” section of the prospectus identify important risks and uncertainties affecting our future, which could cause actual results to differ materially from the forward-looking statements made in this supplement and the prospectus.

 

REPRICING OF WARRANTS

 

On June 9, 2017, we entered into Warrant Exercise Agreements with certain warrant holders (“Holders”). Pursuant to the Warrant Exercise Agreements, the Holders agreed to exercise certain warrants for cash in exchange for the Company reducing the current exercise price of their outstanding warrants to $2.70.

 

This Supplement is being filed to reduce the exercise price of the following warrants to $2.70:

 

	Holder		No. of Warrants Subject to Repricing
Sabby Management, LLC1				630,252
Total				630,252

 

(1)

Sabby Management, LLC is the investment manager of Sabby Healthcare Master Fund, Ltd. and Sabby Volatility Warrant Master Fund, Ltd. and shares voting and investment power with respect to these shares in this capacity.

 

Prospectus Supplement No. 1

Dated June 13, 2017

 

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