Citius Oncology (CTOR) closed a $9 million public offering of shares and warrants.
The company sold almost 6.82 million shares and related warrants at $1.32 apiece.
Proceeds will support Lymphir commercialization, including license payments, and be used for working capital and general corporate purposes, the company said Thursday in a statement.
Citius Oncology is a majority-owned subsidiary of Citius Pharmaceuticals (CTXR).