CytRx prices follow-on

CytRx Corp. (NASDAQ:CYTR) raised $20.4 million through the sale of 39.2 million shares and warrants at a combined price of $0.52 in a follow-on underwritten by Cowen and Roth Capital Partners. Each share was priced at $0.51 and each five-year warrant to purchase a share at $0.64 was priced at $0.01. CytRx was down $0.24 (37%) to $0.41 on Wednesday. ...