SEC Comment Letter for CYTRX CORP (LADX) (CIK 0000799698) (LADX) — Aug 12, 2020

CYTRX CORP (LADX) (CIK 0000799698)
Date: Aug. 12, 2020 · CIK: 0000799698 · Accession: 0000000000-20-007377

View on Edgar

AI Filing Summary & Sentiment

File numbers found in text: 000-15327

Date

July 31, 2020

Author

Special Counsel

Form

UPLOAD

Company

CYTRX CORP (LADX) (CIK 0000799698)

Letter

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 DIVISION OF CORPORATION FINANCE August 12 , 2020 By E-Mail Jerald A. Hammann 1566 Sumter Ave. N. Minneapolis, MN 55427

Re: CytRx Corporation Revised Preliminary Proxy Statement Filed August 7 , 2020 by Jerald A. Hammann File No. 000-15327

Dear M r. Hammann :

We have reviewed your filing and have the follow ing comments.

Revised Preliminary Proxy Statement Background of the Solicitation, page 3 1. We note your response to our prior comment 1 in our July 31, 2020 comment letter. We do not believe you have provided sufficient support for the suggestion that the decision by the company to postpone its annual meeting was related to your request that it do so. Thus, please revise your disclosure to include the facts described in your response or remove the sugges tion.

Reasons for the Solicitation, page 5 2. We reissue prior comment 6 in our July 31, 2020 comment letter because we do not believe you have provided sufficient support that the company’s cost of capital has increased.

Please direct any questions to me at (202) 551 -3619.

Sincerely,
/s/ Daniel F. Duchovny
Daniel F. Duchovny
Special Counsel
Office of Mergers and Acquisitions

Show Raw Text

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549

       DIVISION OF
CORPORATION FINANCE

 August 12 , 2020

By E-Mail

Jerald A. Hammann
1566 Sumter Ave. N.
Minneapolis, MN 55427

Re: CytRx Corporation
Revised Preliminary Proxy Statement
Filed August 7 , 2020  by Jerald A. Hammann
File No. 000-15327

Dear M r. Hammann :

We have reviewed your filing and have the follow ing comments.

Revised Preliminary Proxy Statement
Background of the Solicitation, page 3
1. We note your response to our prior comment 1 in our July 31, 2020 comment letter. We
do not believe you have provided sufficient support for the suggestion that the decision
by the company to postpone its annual meeting was related to your request that it do so.
Thus, please revise your disclosure to include the facts described in your response or
remove the sugges tion.

Reasons for the Solicitation, page 5
2. We reissue prior comment 6 in our July 31, 2020 comment letter because we do not
believe you have provided sufficient support that the company’s cost of capital has
increased.

Please direct any questions to me at (202) 551 -3619.

        Sincerely,
        /s/ Daniel F. Duchovny
        Daniel F. Duchovny
        Special Counsel
        Office of Mergers and Acquisitions

SecProbe.io