CYTRX CORPORATION (NASDAQ:CYTR) Files An 8-K Other EventsItem 9.01Other Events
On September 13, 2017, CytRx Corporation (the "Company") issued a press release announcing that it has amended its definitive proxy statement recently filed with the Securities and Exchange Commission, in connection with a special meeting of stockholders to be held on Tuesday, October 17, 2017. The special meeting will be held to authorize the Board of Directors of the Company to effect a 1-for-6 reverse split of the Company's common stock, if deemed necessary, and reduce the number of authorized shares of stock. The amendment changes the proposal to include a reverse split of the Company's authorized shares of common stock and preferred stock at a ratio of 1-for-6.
Attached hereto as Exhibit99.1, and incorporated herein by reference, is a copy of the press release. Also furnished as Exhibit 99.2 hereto is a document posted on the Company's website containing facts about the reverse stock split.
Other Information
The Company and its directors, executive officers and advisors may be deemed to be participants in the solicitation of proxies in connection with the proposed reverse stock split to be considered at the special meeting of stockholders. Stockholders may obtain additional information regarding the interests of those participants by reading the Company's definitive proxy statement filed on August 29, 2017 and the Company's annual report on Form 10-K and quarterly reports on Form 10-Q, as filed with the SEC.
The definitive proxy statement and amendment will be mailed to stockholders of record as of August 28, 2017, the record date established for voting on the proposed reverse stock split. Stockholders may obtain free copies of the definitive proxy statement and amendment and the Company's other SEC filings electronically by accessing the SEC's home page at http://www.sec.gov. Copies can also be obtained electronically on the Company's website at http://www.cytrx.com or, free of charge, upon written request to CytRx Corporation, Attn: Corporate Secretary, 11726 San Vicente Blvd., Suite 650, Los Angeles, CA 90049.
Item 9.01Financial Statement and Exhibits.
(d) Exhibits.
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Exhibit No. |
Description |
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99.1 |
Press Release issued on September 13, 2017 |
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99.2 |
Facts About Reverse Stock Split Proposal |
CYTRX CORP ExhibitEX-99.1 2 exh99-1.htm PRESS RELEASE OF SEPT. 13,…To view the full exhibit click here
About CYTRX CORPORATION (NASDAQ:CYTR)
CytRx Corporation is a biopharmaceutical research and development company specializing in oncology. The Company is focused on the clinical development of aldoxorubicin, its modified version of the chemotherapeutic agent, doxorubicin. It is engaged in Phase III trials for aldoxorubicin as a therapy for patients with soft tissue sarcoma (STS) whose tumors have progressed after treatment with chemotherapy. It is also involved in evaluating aldoxorubicin in a Phase IIb clinical trial in small cell lung cancer; a Phase II clinical trial in human immunodeficiency virus-related Kaposi’s sarcoma; a Phase II clinical trial in patients with late-stage glioblastoma (brain cancer); a Phase Ib trial in combination with ifosfamide in patients with STS, and a Phase Ib trial in combination with gemcitabine in subjects with metastatic solid tumors. It is engaged in the pre-clinical development for DK049, an anti-cancer drug conjugate that utilizes its Linker Activated Drug Release (LADR) technology.
