Activities (5,000,000) - ------------ ------------ Cash Flows From Financing Activities: Proceeds from common stock option exercises - 31,267 Merger, net (3,831,357) Net proceeds from registered direct offerings 13,803,684 13,798,183 ------------ ------------ Net Cash Provided By Financing Activities 9,972,327 13,829,450 ------------ ------------ Net Change in Cash and Cash Equivalents (23,229,048) (15,230,762) Cash and Cash Equivalents -- Beginning of Year 26,480,928 41,711,690 ------------ ------------ Cash and Cash Equivalents -- End of Year $ 3,251,880 $ 26,480,928 ============ ============ Supplemental Disclosures of Cash Flow Information and Non-cash Activities: IPR&D Milestones included in License Payable $ 28,400,000 $ - Prepaid Manufacturing transferred to Inventory $ 6,134,895 $ - Reflects a 1-for-25 reverse stock split effective November 25, 2024.
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SOURCE Citius Pharmaceuticals, Inc.
(END) Dow Jones Newswires
December 27, 2024 17:00 ET (22:00 GMT)
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