M&A
confidence high
sentiment positive
materiality 0.85
Citius Pharma completes SPAC merger, forms Citius Oncology; holds ~90% of new public company
Citius Pharmaceuticals, Inc.
- Merger closed Aug 12, 2024; Citius Oncology expected to trade on Nasdaq as CTOR on Aug 13.
- Citius Pharma owns approximately 90% of Citius Oncology after the merger.
- LYMPHIR (denileukin diftitox) approved by FDA for relapsed/refractory cutaneous T-cell lymphoma.
- Citius Pharma made $3.8M capital contribution to Citius Oncology via no-interest promissory note.
- Amended shared services and registration rights agreements executed; shares subject to 6-month lock-up.