09:14 AM EDT, 09/09/2025 (MT Newswires) -- Citius Oncology ( CTOR ) said Tuesday it expects to raise $9 million in gross proceeds from a registered direct offering and concurrent private placement.

The company said it has signed an agreement to sell about 5.1 million common shares to an institutional investor at $1.75 apiece.

Citius Oncology ( CTOR ) has also agreed to issue warrants to buy up to roughly 5.1 million common shares, it said, adding that the warrants can be exercised at $1.84 per share.

The offering will likely be completed around Wednesday, the company said.