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Subsequent Events
9 Months Ended
Jun. 30, 2018
Subsequent Events [Abstract]  
SUBSEQUENT EVENTS
9.SUBSEQUENT EVENTS

  

On August 13, 2018, Citius closed an underwritten at-the-market offering (the “2018 Offering”) of (i) 5,521,569 units (“Units”), each Unit consists of (i) one share of the Company’s common stock and (ii) one warrant (the “Warrants”) to purchase one share and (ii) 2,321,569 pre-funded units (the “Pre-Funded Units”), each Pre-Funded Unit consists of (i) one pre-funded warrant (the “Pre-Funded Warrants”) to purchase one share and (ii) one Warrant. The Warrants included in the Units and the Pre-Funded Units are immediately exercisable at a price of $1.15 per share and expire five years from the date of issuance. The Pre-Funded Warrants included in the Pre-Funded Units are immediately exercisable at a price of $0.01 per share and do not expire. The offering price was $1.275 per Unit and $1.265 per Pre-Funded Unit. The net proceeds of the 2018 Offering were approximately $8.8 million. Pursuant to the Underwriting Agreement, Citius issued to the underwriter warrants to purchase up to 549,020 shares and the underwriter warrants are exercisable following February 8, 2019 and ending five years from effective date of the registration statement relating to the 2018 Offering, at a price per share equal to $1.59375.