other material
confidence high
sentiment neutral
materiality 0.60
Citius Pharmaceuticals raises $6.0M in registered direct offering for LYMPHIR launch
Citius Pharmaceuticals, Inc.
- Gross proceeds ~$6.0M; net ~$5.5M after placement agent fees and expenses.
- Offering: 3,973,510 shares/pre-funded warrants plus 3,973,510 common warrants at $1.51/share.
- Common warrants exercisable at $1.40/share, 5-year term; pre-funded warrants at $0.0001/share.
- Net proceeds to support commercial launch of LYMPHIR™ and other product candidates.
- H.C. Wainwright acted as placement agent; 7.0% cash fee and 278,146 placement agent warrants.