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CADL 424B5: Shelf registration

Candel Therapeutics

Filed with the SEC on · accession 0001193125-26-458505

CADL filed a 424B5 (prospectus (offering)) with the SEC on Nov 12, 2026. Candel Therapeutics filed a 424B5 prospectus supplement for an at-the-market (ATM) offering of up to $50,000,000 of common stock through Jefferies as sales agent, replacing a prior $50M ATM program that was fully utilized. The stock moved -9.0% by the first close after the filing.

Summary of the filing

Candel Therapeutics filed a 424B5 prospectus supplement for an at-the-market (ATM) offering of up to $50,000,000 of common stock through Jefferies as sales agent, replacing a prior $50M ATM program that was fully utilized. Jefferies receives a 3.0% commission on gross proceeds.

For details, click here →How to read a 424B5 →

Key details

Maximum aggregate offering price of common stock under the ATM program$50.0M
Aggregate amount already sold under the prior ATM prospectus$50.0M
Aggregate offering price of securities under the shelf registration statement$300.0M
Closing sale price of common stock on November 11, 2026$9
Sales agent / underwriter for the atm offeringJefferies LLC
IssuerCandel Therapeutics, Inc.

How CADL stock reacted

Close before

$9.22

Nov 11, 2026

First close after

-9.00%

$8.39

5 trading days

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Since filing

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Frequently asked questions

What did CADL file with the SEC on Nov 12, 2026?

CADL filed a 424B5 (Shelf registration). Candel Therapeutics filed a 424B5 prospectus supplement for an at-the-market (ATM) offering of up to $50,000,000 of common stock through Jefferies as sales agent, replacing a prior $50M ATM program that was fully utilized. Jefferies receives a 3.0% commission on gross proceeds.

What does a shelf registration mean for CADL stock?

New shares dilute existing holders and are often sold at a discount to the market price.

How do I read a 424B5?

The final terms of an offering of shares or bonds. Look at price, number of shares and the discount to the market price. Large offerings dilute existing shareholders.

Why are SEC filings important?

Public companies must tell the SEC about anything that can change their value — results, leadership changes, big deals, new shares, bankruptcy. Filings are the official source, often before the news. A 424B5 (prospectus (offering)): The final terms of an offering of shares or bonds.

How did CADL stock react to this filing?

CADL closed at $9.22 before the filing and $8.39 on Nov 12, 2026 (-9.00%).

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