Citius Oncology launches $15M equity and warrant offering; shares down

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Citius Oncology (NASDAQ:CTOR [https://seekingalpha.com/symbol/CTOR]) is offering up to $15M in common stock and accompanying warrants.

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The offering includes up to $15M in pre-funded warrants and up to $15M in regular warrants, each convertible into common shares.

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All warrants have a five-year term from the initial exercise date.

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The company is also offering up to $750,000 in common stock underlying placement agent warrants.

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CTOR shares fall 9.8% on Monday. 

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Source: SEC filing [https://seekingalpha.com/filing/10186012]

MORE ON CITIUS ONCOLOGY

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* Seeking Alpha’s Quant Rating on Citius Oncology [https://seekingalpha.com/symbol/CTOR/ratings/quant-ratings]
* Historical earnings data for Citius Oncology [https://seekingalpha.com/symbol/CTOR/earnings]
* Financial information for Citius Oncology [https://seekingalpha.com/symbol/CTOR/income-statement]