GTx, Inc. (GTXI) Enters $14M Registered Direct Stock Offering
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GTx Announces $14.0 Million Registered Direct Common Stock Offering
October 12, 2016 7:00 AM EDTMEMPHIS, Tenn.--(BUSINESS WIRE)-- GTx, Inc. (NASDAQ: GTXI) today announced that it has entered into definitive agreements with certain existing shareholders of the Company, including J.R. Hyde, III, its largest shareholder and the Lead Director of GTxs Board of Directors (the Board), Robert J. Wills, the Boards Executive Chairman, and Marc S. Hanover, the Companys Chief Executive Officer and a member of the Board, to sell an aggregate of approximately $14.0 million of shares of its common stock in a registered direct offering. The closing of the offering is expected... More
