RedHill Biopharma (RDHL) Announces ADS Offering, Size not Disclosed
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RedHill Biopharma (RDHL) Prices 4.7M ADS Offering
November 19, 2021 9:10 AM ESTRedHill Biopharma Ltd. (Nasdaq: RDHL), a specialty biopharmaceutical company, today announced the pricing of an underwritten public offering of 4.7 million American Depositary Shares ("ADSs") for gross proceeds of $15.5 million, before deducting the underwriting discounts and commissions and other estimated offering expenses payable by RedHill. Each ADS represents ten ordinary shares, par value NIS 0.01 per share, of the Company. All of the ADSs are being offered by RedHill. The closing of the offering is expected to occur on or about November 23, 2021, subject to the satisfaction of customary closing conditions. In addition, RedHill has granted... More
