CytoSorbents Corporation (CTSO)

[orangecat]

I don't know about your market cap adjustment Aliberto. I don't think you can simply add the 10 mil to the market cap. The current market cap is based on what the investors value the company at. It is not based on available working capital or even profits at this point in the commercialization process and drive toward profitability. At this point, I think it is based almost completely on perceived possible future sales tempered by the unknowns of an actual FDA approval and actual market uptake where Cytosorb is already for sale.

So rather than the 10 million going straight to the market cap, I think it only has the potential to help the market cap because it tells investors that an FDA trial is going to happen and because the company has more working capital to sustain it until it reaches profitability.

I also don't know if the 333,333 shares the underwriter can purchase should be included in the offering price calculation, because their purchase is entirely optional.