Citius Pharmaceuticals (CTXR) Announces $20.0 Million Private Placement of Common Stock, Warrants

Citius Pharmaceuticals Announces $20.0 Million Private Placement Priced At-the-Market

CRANFORD, N.J., Jan. 25, 2021 /PRNewswire/ -- Citius Pharmaceuticals, Inc. ("Citius" or the "Company") (Nasdaq: CTXR), a specialty pharmaceutical company focused on developing and commercializing critical care drug products, today announced that it has entered into securities purchase agreements with certain institutional and accredited investors to raise approximately $20.0 million through the issuance of an aggregate 15,455,960 shares of its common stock and warrants to purchase up to an aggregate of 7,727,980 shares of common stock, at a purchase price of $1.294 per share of common stock and associated warrant in a private placement priced... More