secwatch.observer — SEC 8-K summary
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Issuer:     Cytosorbents Corp (CTSO)
CIK:        0001175151
Form:       8-K
Filed at:   2024-12-09T23:59:59+00:00
Accession:  0001104659-24-126518
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

CytoSorbents launches rights offering of up to 6.25M units at $1.00 each
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1175151/000110465924126518/0001104659-24-126518-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1175151/000110465924126518/tm2429883d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-126518

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer