Cytori Announces Expiration of Oversubscribed Rights Offering
CYTORI THERAPEUTICS (CYTX)
Last cytori therapeutics earnings: 11/14 04:15 pm
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US:NASDAQ Investor Relations:
ir.cytori.com/investor-relations/default.aspx
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Source: GlobeNewswire
Rights Offering Oversubscribed by more than 75% SAN DIEGO, Nov. 24, 2017 (GLOBE NEWSWIRE) -- Cytori Therapeutics, Inc. (NASDAQ:CYTX) ("Cytori" or the "Company"), announced today that the subscription period for its previously announced rights offering (the “Offering”) of units at a subscription price of $1,000 per unit expired on November 21, 2017, and these rights are no longer exercisable. The subscriptions totaled approximately 17,700 units (approximately 77% oversubscribed), and participants are expected to be reduced pro-rata to the total offering size of 10,000 units. Preliminary estimates indicate that the Company will be raising the full gross proceeds of $10 million in the Offering. The results of the oversubscribed Offering and Cytori's estimates regarding the aggregate gross proceeds of the Offering to be received by Cytori are subject to finalization and verification by its subscription agent. Cytori anticipates that closing of the Offering will occur on or about Nov
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