other material
confidence high
sentiment negative
materiality 0.40
CytoSorbents Series B Right Warrants expire worthless; VWAP below $2.00 minimum
Cytosorbents Corp
- 5-day VWAP prior to June 10, 2025, was below the $2.00 minimum required price.
- Series B Right Warrants from the Rights Offering expired worthless per their terms.
- Any payments received for exercise of Series B warrants will be refunded without interest or penalty.
- Event triggers automatic termination of the warrant rights; stock closed below threshold.