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Citius Pharmaceuticals Stock Is Falling Tuesday: What's Going On?

Benzinga·06/10/2025 15:09:19
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Citius Pharmaceuticals, Inc. (NASDAQ:CTXR) shares are trading lower Tuesday after the company announced a $15.8 million registered direct offering.

What To Know: The company plans to use the proceeds to support the commercial launch of LYMPHIR, as well as for general corporate purposes.

The company is raising $6 million upfront through the sale of 4.92 million shares of common stock and accompanying short-term warrants, priced at $1.22 per share. The company may raise up to an additional $9.8 million if the warrants are fully exercised.

The offering is priced at-the-market under Nasdaq rules and is expected to close on or about June 11 subject to customary closing conditions.

Separately, D. Boral Capital analyst Jason Kolbert maintained a Buy rating on Citius and lowered the price target from $9 to $6.

Related Link: ETH Surges 8%: ‘You Haven’t Seen What Ethereum Is Capable Of In This Cycle,’ Analyst Warns

CTXR Price Action: At the time of writing, Citius shares are trading 26.3% lower at $1.01, according to data from Benzinga Pro.

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