News Image

Citius Pharmaceuticals Announces Closing of Registered Direct Offering of Up To $15.8 Million Priced At-The-Market Under Nasdaq Rules

Provided By PR Newswire

Last update: Jun 12, 2025

$6 million upfront with up to an additional $9.8 million of potential aggregate gross proceeds upon the exercise in full of short-term warrants

CRANFORD, N.J., June 12, 2025 /PRNewswire/ -- Citius Pharmaceuticals Inc. (Nasdaq: CTXR) ("Citius Pharma" or the "Company"), a biopharmaceutical company dedicated to the development and commercialization of first-in-class critical care products, today announced the closing of its previously announced registered direct offering priced at-the-market under Nasdaq rules for the purchase of an aggregate of 4,920,000 shares of its common stock  (or pre-funded warrants in lieu thereof) and accompanying short-term warrants to purchase up to an aggregate of 9,840,000 shares of its common stock, at a purchase price of $1.22 per share (or pre-funded warrant in lieu thereof) and accompanying short-term warrant. The short-term warrants have an exercise price of $1.00 per share, are exercisable immediately upon issuance, and will expire twenty-four months from the initial exercise date.

Read more at prnewswire.com

CITIUS PHARMACEUTICALS INC

NASDAQ:CTXR (7/24/2025, 8:00:00 PM)

Premarket: 1.71 +0.02 (+1.18%)

1.69

+0.04 (+2.42%)



Find more stocks in the Stock Screener

Follow ChartMill for more