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ARTICLE | Financial News

Cytori raises $20 million in follow-on

December 15, 2012 2:04 AM UTC

Cytori Therapeutics Inc. (NASDAQ:CYTX; Xetra:XMPA) raised $20 million through the sale of 7 million shares at $2.85 in a follow-on underwritten by Lazard; Maxim; and Ascendiant Capital Markets. Cytori proposed the offering on Thursday, when its share price was $3.32. On Friday, the stock was off $0.48 (14%) to $2.84. ...