PolyPid Ltd. (PYPD) Announces Proposed Share Offering

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Go back to PolyPid Ltd. (PYPD) Announces Proposed Share Offering

PolyPid Announces Proposed Underwritten Public Offering of Ordinary Shares

March 28, 2023 4:05 PM EDT

PETACH TIKVA, Israel, March 28, 2023 (GLOBE NEWSWIRE) -- PolyPid Ltd. (Nasdaq: PYPD) (PolyPid or the Company), a late-stage biopharma company aiming to improve surgical outcomes, announced today that it has commenced an underwritten public offering of its ordinary shares, no par value (the Ordinary Shares). In addition, PolyPid intends to grant the underwriter a 30-day option to purchase up to an additional 15% of the number of Ordinary Shares offered in the offering at the public offering price, less underwriting discounts and commissions. All of the Ordinary Shares in the offering are being offered by... More