BioLineRx (BLRX) Reports 2.51M ADS Registered Direct Offering at $1.75/ADS

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Go back to BioLineRx (BLRX) Reports 2.51M ADS Registered Direct Offering at $1.75/ADS

BioLineRx Announces $4.39 Million Registered Direct Offering

June 1, 2020 8:00 AM EDT

TEL AVIV, Israel, June 1, 2020 /PRNewswire/ -- BioLineRx Ltd. (NASDAQ: BLRX) (TASE: BLRX), a late clinical-stage biopharmaceutical company focused on oncology, today announced that it has entered into definitive agreements with several healthcare-focused, institutional and accredited investors for the purchase and sale of 2,510,286 of the Company's American Depositary Shares (ADSs), at a purchase price of $1.75 per ADS, in a registered direct offering. BioLineRx has also agreed to issue and sell to the investors, in a concurrent private placement, unregistered warrants to purchase up to an aggregate of 2,510,286... More