CytoSorbents commences Rights Offering

CytoSorbents (CTSO) announces the commencement of its Rights Offering, previously detailed in our December 9, 2024 announcement press release. Stockholders and certain Warrantholders of record on December 16, 2024 are now being distributed a dividend of one non-transferable Subscription Right Warrant for each share of common stock owned on the record date. Each Subscription Right, when exercised before the expiration date of 5:00PM EST on January 10, 2025, enables one Unit purchase at a subscription price of $1.00 per Unit. Each Unit consists of one share of common stock and two transferable short-term Right Warrants to purchase up to two additional shares of common stock, if available, at discounted prices.