NDAQ:RDHL - Post Discussion
Post by
Iseneschal on Jan 25, 2024 9:13am
Ya want to know why Redhill sh price moved higher!!!!!!!
RedHill Biopharma Announces $8 Million Registered Direct Offering
2024-01-25 06:05 PT - News Release
Jan. 25, 2024
TEL AVIV, Israel and RALEIGH, N.C., Jan. 25, 2024 /PRNewswire/ -- RedHill Biopharma Ltd. (Nasdaq: RDHL) ("RedHill" or the "Company"), a specialty biopharmaceutical company, today announced that it has entered into definitive agreements with institutional investors for the purchase and sale of 10,000,000 of the Company's American Depositary Shares ("ADSs"), each ADS representing four hundred (400) ordinary shares, at a purchase price of $0.80 per ADS, in a registered direct offering. In addition, in a concurrent private placement, the Company will issue unregistered warrants to purchase up to 10,000,000 ADSs. The warrants will have an exercise price of $1.00 per ADS, will be immediately exercisable upon issuance and have a term of fiveyears following the issuance date. The closing of the offering is expected to occur on or about January 29, 2024, subject to the satisfaction of customary closing conditions
You've all been had.......again!!!!!
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