Deals
GTx Raises $21.3M at 6% Premium from Pyramid Peak Foundation
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GTx, Inc. (GTXI) announced that it has raised $21,272,455 in a Units (Common Stock + Warrants) transaction. The common stock was sold at $1.7763 per share, an approximate 6% premium to the market price ($1.68) of GTXI at deal announcement. A series of 10,179,642 12-Month Warrants with an exercise price of $1.67 per share (0.6% discount) was issued to the investors in this transaction. The investors were Pyramid Peak Foundation and a member of the board of directors. Issuer counsel was Cooley LLP.