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Stock impact report

Citius Pharmaceuticals Announces Closing of $15 Million Registered Direct Offering [Yahoo! Finance]

Citius Pharmaceuticals, Inc. (CTXR) 
NASDAQ:AMEX Investor Relations: ir.citiuspharma.com
Company Research Source: Yahoo! Finance
company dedicated to the development and commercialization of first-in-class critical care products, today announced that it has closed its previously announced registered direct offering for the purchase of an aggregate of 21,428,574 shares of its common stock and accompanying warrants to purchase up to an aggregate of 21,428,574 shares of its common stock, at a purchase price of per share and accompanying warrant. The warrants have an exercise price of per share, will be exercisable six months from the date of issuance, and will expire five years from the initial exercise date. H.C. Wainwright & Co. acted as the exclusive placement agent for the offering. The aggregate gross proceeds to the Company from the offering were approximately $15 million , before deducting the placement agent fees and other offering expenses payable by the Company. Citius currently intends to use the net proceeds from the offering for general corporate purposes, including pre-clinical and clinical devel Show less Read more
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