RedHill Biopharma (RDHL) Announces 10.57M ADS Direct Offering at $1.42/ADS
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RedHill Biopharma Announces $15 Million Registered Direct Offering with a Leading Healthcare Investor
May 9, 2022 8:30 AM EDTTEL AVIV, Israel and RALEIGH, N.C, May 9, 2022 /PRNewswire/ -- RedHill Biopharma Ltd. (NASDAQ: RDHL) ("RedHill" or the "Company"), a specialty biopharmaceutical company, today announced that it has entered into a definitive agreement with a single leading healthcare investor for the purchase and sale of 10,563,380 of the Company's American Depositary Shares ("ADSs") (or ADS equivalents), each ADS representing ten (10) ordinary shares, at a purchase price of $1.42 per ADS (or ADS equivalent), in a registered direct offering. RedHill has... More
