Tiziana Life Sciences (TLSA) Prices 11M ADS Follow-Offering at $5.20/ADS

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Go back to Tiziana Life Sciences (TLSA) Prices 11M ADS Follow-Offering at $5.20/ADS

Tiziana Announces Pricing of U.S. Follow-On Offering of ADSs Raising $57.25 million

August 3, 2020 12:10 AM EDT

New York and London, Aug. 03, 2020 (GLOBE NEWSWIRE) -- Tiziana Life Sciences plc (NASDAQ: TLSA; AIM: TILS) (the "Company" or "Tiziana"), a biotechnology company focused on innovative therapeutics for oncology, inflammation and infectious diseases, today announced it has entered into definitive agreements with investors for the purchase and sale of 11,009,615 of the Companys American Depositary Shares (ADSs) at a price of $5.20 per ADS pursuant to a registered direct offering (the "Offering"). Each ADS offered represents two ordinary shares of nominal value £0.03  each ("Ordinary Shares"), following the recent forward split of the... More