RedHill Biopharma (RDHL) Prices 4.7M ADS Offering

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Go back to RedHill Biopharma (RDHL) Prices 4.7M ADS Offering

RedHill Biopharma Announces Pricing of $15.5 Million Public Offering of American Depositary Shares

November 19, 2021 9:09 AM EST

TEL AVIV, Israel and RALEIGH, N.C., Nov. 19, 2021 /PRNewswire/ -- RedHill Biopharma Ltd. (Nasdaq: RDHL) ("RedHill" or the "Company"), 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... More