CytRx Corporation (OTCMKTS: CYTR) Signs ~$10M Securities Purchase Agreement
CytRx Corporation (OTCMKTS: CYTR) recently announced that it signed a securities purchase agreement for aggregate gross proceeds worth around $10 million. The agreement is inked with institutional investor that is focused on healthcare primarily. What’s the agreement about? As per the agreement, the company has agreed on selling 2 million of its common stock shares priced at $0.88/share. The gross proceeds amounting from this sale would be approximately $1.76 million….