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home / news releases / CYTH - Cyclo Therapeutics secures $12M capital through equity raise

CYTH - Cyclo Therapeutics secures $12M capital through equity raise

Cyclo Therapeutics Inc.
Cyclo Therapeutics (NASDAQ:CYTH) has priced its public offering of 1.95M  shares of common stock at $6.00/share, for expected gross proceeds of $11.7M. Underwriter's over-allotment is an additional 292.5K shares. Maxim Group is acting as sole book-running manager. Earlier, CYTH stock gained after filing IND application for Trappsol Cyclo in Alzheimer’s Disease. Shares down 13.4% after-hours with last close of $7.34. Previously (Nov. 16): Cyclo Therapeutics under pressure on launching stock offering

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Cyclo Therapeutics secures $12M capital through equity raise
Stock Information
Company Name: Cyclo Therapeutics Inc.
Stock Symbol: CYTH
Market: NASDAQ
Website: cyclodex.com
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