Fundraisings and IPOs

Date: 2017-06-06

Type of information: Private placement

Company: CTI BioPharma (USA - WA)

Investors:

Amount:

Funding type: private placement

Planned used:

• CTI Biopharma plans to use the net proceeds from this offering to :
• • conduct the PAC203 clinical trial,
• • submit a new Marketing Authorization Application for pacritinib to the European Medicines Agency,
• • conduct additional research concerning the possible application of pacritinib in indications outside of myelofibrosis,
• • and complete the PIX306 clinical trial, as well as for general corporate purposes, which may include funding research and development, conducting preclinical and clinical trials, acquiring or in-licensing potential new pipeline candidates, preparing and filing possible new drug applications and general working capital.

Others:

• • On June 6, 2017, CTI BioPharma announced the pricing of an underwritten public offering of 22,500 shares of its Series N-3 Preferred Stock, offered at a price to the public of $2,000 per share of Series N-3 Preferred Stock. Each share of Series N-3 Preferred Stock is convertible at the option of the holder, at any time subject to certain limitations, into shares of our common stock at a conversion price of $3.00 per share of common stock, for a total of approximately 15.0 million shares of common stock. The gross proceeds to CTI from this Offering are expected to be $45 million, before deducting underwriting discounts and commissions and other estimated offering expenses payable by CTI.
• • On June 5, 2017, CTI BioPharma announced that it intends to offer and sell, subject to market and other conditions, shares of its Series N-3 Preferred Stock in an underwritten public offering. Each share of Series N-3 Preferred Stock will have a stated value of $1,000 per share and will be convertible at the option of the holder, at any time after issuance and subject to certain limitations, into shares of common stock. Jefferies LLC is acting as sole book-running manager for the Offering.

Therapeutic area: Cancer - Oncology

Is general: Yes