Citius Oncology Announces Warrant and Share Issuance in $18 Million Offering

Reuters12-11
<a href="https://laohu8.com/S/CTOR">Citius Oncology</a> Announces Warrant and Share Issuance in $18 Million Offering

Citius Oncology Inc. has announced agreements involving the issuance of warrants and share rights as part of an $18 million concurrent registered direct offering and private placement. The company will issue unregistered warrants to purchase up to 1,284,404 shares of common stock at $1.09 per share in the registered direct offering, and additional warrants to purchase up to 15,229,358 shares of common stock at $1.09 per share in a private placement. The exercise of these warrants is contingent on stockholder approval and they will expire five years from the date of such approval. Additionally, Citius Oncology will amend previously issued warrants, reducing their exercise price to $1.09 per share, effective upon closing of the offerings. Proceeds will support the commercial launch of LYMPHIR™, a cancer immunotherapy for cutaneous T-cell lymphoma.

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