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Slideshow Preferred Stock Offerings

By Preferred Stock Channel Staff, updated Thursday, March 23, 12:13 PM

Slide #320. Cell Therapeutics, Inc. Preferred Stock Offering

Company: Cell Therapeutics, Inc. (NASDAQ:CTIC)
$Amount Offered: $60,000,000
Date of Pricing: 10/5/2012
Price Per Share: $1,000
Preferred Stock Offering Details: Cell Therapeutics, Inc. announced the pricing of an underwritten public offering of 60,000 shares of its Series 17 Preferred Stock, offered at a price to the public of $1,000 per share of Series 17 Preferred Stock (the "Offering"). Each share of Series 17 Preferred Stock is convertible at the option of the holder, at any time, into approximately 714 shares of common stock at a conversion price of $1.40 per share of common stock, for a total of approximately 42.9 million shares of common stock. The shares of Series 17 Preferred Stock will automatically convert into shares of common stock in certain circumstances. Shares of the Series 17 Preferred Stock will receive dividends in the same amount as any dividends declared and paid on shares of common stock, but would be entitled to a liquidation preference over the common stock in certain liquidation events. The Series 17 Preferred Stock will have no voting rights on general corporate matters.

CTI BioPharma is a biopharmaceutical company focused on the acquisition, development and commercialization of therapies covering a range of blood-related cancers. Co. is primarily focused on treatments that target blood-related cancers where there is an unmet medical need. In particular, Co. is primarily focused on commercializing PIXUVRI® (pixantrone) in select countries in the European Union (E.U.), for multiply relapsed or refractory aggressive B-cell non-Hodgkin lymphoma (NHL), and evaluating pacritinib for the treatment of adult patients with myelofibrosis. CTI BioPharma, PIXUVRI and Opaxio are Co.'s proprietary marks.
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Name:  CTI BioPharma Corp
Sector:  Biotechnology
Number of ETFs Holding CTIC:  1 (see which ones)
Total Market Value Held by ETFs:  $25,398
Total Market Capitalization:  $118,000,000
% of Market Cap. Held by ETFs:  0.02%

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