other_material
confidence high
sentiment neutral
materiality 0.55
Citius Pharma closes $6M registered direct offering with warrants for up to $9.8M additional proceeds
Citius Pharmaceuticals, Inc.
- Gross proceeds of $6M from sale of 4.92M shares/pre-funded warrants at $1.22 per share.
- Short-term warrants to purchase up to 9.84M shares at $1.00; expire 24 months from issuance.
- Net proceeds ~$5.455M after fees; used for LYMPHIR commercial launch and corporate purposes.
- H.C. Wainwright placement agent; 7% cash fee plus placement agent warrants at $1.525 exercise.
item 1.01item 9.01