other_material
confidence high
sentiment neutral
materiality 0.70
Citius Oncology closes $9.0M public offering of 6.82M shares & warrants
CITIUS ONCOLOGY, INC.
- Priced 6,818,182 units at $1.32 each, each consisting of 1 share + 1 warrant for 1 common share.
- Gross proceeds ~$9.0M; net proceeds ~$7.44M after placement agent fees and expenses.
- Warrants exercisable at $1.32/share, immediately exercisable, expire 5 years from issuance.
- Proceeds to support LYMPHIR commercialization, milestone/royalty payments, and working capital.
- Placement agent Maxim Group LLC; 45-day lock-up on new share issuance after closing.
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