other material
confidence high
sentiment neutral
materiality 0.50
Citius Pharma raises $5M via registered direct offering and private placement
Citius Pharmaceuticals, Inc.
- Sold 5,076,143 shares/pre-funded warrants at $0.985 each; raised ~$5M gross, $4.5M net.
- Issued unregistered warrants to purchase 5,076,143 shares at $0.86, 5-year term, cashless exercise.
- Net proceeds to fund commercial launch of LYMPHIR and development of product candidates.
- 45-day lock-up on further equity issuance after closing; H.C. Wainwright acted as placement agent.