other material
confidence high
sentiment neutral
materiality 0.60
CytoSorbents launches rights offering of up to 6.25M units at $1.00 each
Cytosorbents Corp
- Record date Dec 16, 2024; basic rights expire Jan 10, 2025; subscription price $1.00 per unit.
- Each unit: 1 share common stock, 1 Series A warrant (floor $1.00, cap $2.00), 1 Series B warrant (floor $2.00, cap $4.00).
- Rights non-transferable; oversubscription privilege available if basic rights exercised in full.
- Maximum 6,250,000 units offered; 12,500,000 shares overall including warrant exercises.
- Unsubscribed rights expire worthless, diluting non-participating holders.