Seeking Alpha

GTx closes private placement of securities

  • GTx (GTXI) raises $21.3M in a private placement with J.R. Hyde, the firm's Chairman, and the Pyramid Foundation.
  • The company will issue 11.97M units comprising 1 share and a warrant to purchase a share at $1.67.
  • The potential dilution to shareholders is 35%.
  • GTx shares closed yesterday at $1.68.
  • GTx's earnings.
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