CytoSorbents Corporation (CTSO)

[techxen]

The third anniversary of the Cantor agreement

Here is the language from the original sales agreement dated 11/5/15:

"Unless earlier terminated pursuant to this Section 13, this Agreement shall automatically terminate upon (i) the issuance and sale of all of the Placement Shares through the Agent on the terms and subject to the conditions set forth herein, and (ii) the third (3rd) anniversary of the date of this Agreement; provided that the provisions of Section 8, Section 11, Section 12, Section 18 and Section 19 hereof shall remain in full force and effect notwithstanding such termination."

Orangecat is right, this seems to be an extension of the original agreement. I believe they have raised almost $15M of the original $25 with $10M alone coming between Q3 2017 and April of 2018. So they have about $10M left on the ATM to use in the future.

Here is the link to the original filings and supporting documents.

https://www.sec.gov/Archives/edgar/data/1175151/000114420415062877/0001144204-15-062877-index.htm