Market Overview

CytRx Closes Offering of 9.2M Shares

Share:
Related CYTR
6 Worst Biotech Stocks Of 2016
Watch These 4 Huge Put Purchases In Tuesday Trade

CytRx Corporation (Nasdaq: CYTR), a biopharmaceutical research and development company specializing in oncology, announced today the closing of its previously announced underwritten public offering of 9,200,000 shares of common stock, including the exercise of the over-allotment option by the underwriters covering 1,200,000 shares, at a public offering price of $2.50 per share. The gross proceeds to CytRx from the offering, including the exercise of the over-allotment option, were $23 million, before deducting underwriting discounts and commissions and other offering expenses payable by CytRx.

Posted-In: News Offerings

 

Related Articles (CYTR)

View Comments and Join the Discussion!