other_material
confidence high
sentiment neutral
materiality 0.70
Citius Oncology raises $9.0M in registered direct offering and warrant private placement
CITIUS ONCOLOGY, INC.
- Sold 5,142,858 shares and warrants for 5,142,858 shares at $1.75/unit for gross proceeds of $9.0M.
- Net proceeds approximately $7.48M after placement agent fees and expenses.
- Warrants exercisable at $1.84/share, starting six months post-issuance, expiring in 5.5 years.
- Maxim Group acted as placement agent, receiving 7% cash fee and warrants for 205,714 shares at $1.92.
- Promissory note with Citius Pharma amended: maturity now contingent on raising at least $30M aggregate capital.
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