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Yes! I helped bust through that .24.
Intec Pharma Announces $5.0 Million Registered Direct Offering
3:33 pm ET May 4, 2020 (Globe Newswire) Print
Intec Pharma Ltd. (NASDAQ: NTEC) ("Intec" or "the Company"), today announced that it has entered into definitive agreements with several institutional and accredited investors for the purchase and sale of 16,291,952 of the Company's ordinary shares, at a purchase price of $0.30690 per share, in a registered direct offering. Intec has also agreed to issue to the investors unregistered warrants to purchase up to an aggregate of 8,145,976 ordinary shares. The offering is expected to close on or about May 6, 2020, subject to satisfaction of customary closing conditions.
H.C. Wainwright & Co. is acting as the exclusive placement agent for the offering.
The warrants will have a term of five and one-half years, be exercisable immediately and have an exercise price of $0.245 per ordinary share.
The gross proceeds to Intec from this offering are expected to be approximately $5.0 million, before deducting the placement agent's fees and other offering expenses. The Company intends to use the net proceeds from the offering to fund its research and development activities and for working capital and general corporate purposes.
The ordinary shares (but not the warrants or the ordinary shares underlying the warrants) are being offered by Intec pursuant to a "shelf" registration statement on Form S-3 (File No. 333-230016) previously filed with the Securities and Exchange Commission (the "SEC") on March 1, 2019 and declared effective by the SEC on March 28, 2019. The offering of the ordinary shares will be made only by means of a prospectus, including a prospectus supplement, forming a part of the effective registration statement. A final prospectus supplement and accompanying prospectus relating to the ordinary shares being offered will be filed with the SEC. Electronic copies of the final prospectus supplement and accompanying prospectus may be obtained, when available, on the SEC's website at http://www.sec.gov or by contacting H.C. Wainwright & Co., LLC at 430 Park Avenue, 3rd Floor, New York, NY 10022, by phone at (646) 975-6996 or e-mail at
* * $NTEC Video Chart 05-04-2020 * *
Link to Video - click here to watch the technical chart video
Intec Pharma Ltd. (NTEC): This clinical stage biopharmaceutical company has seen the Zacks Consensus Estimate for its current year earnings increasing 45.9% over the last 60 days.
agreed, new HOD $.349 so far...
$NTEC looking interesting
buying today !!!
Don't let shorty scare you off...their time is coming to pay up! Their trying to hold it down by shorting and then spreading the bid/ask! GL
Getting more action here recently. Should see a nice move soon.
Hope so i think this would not be down here but for lack of interest becuase of no cv news but it will have its day
Just picked up some here. Setting up for a nice pop
Not sure how you got $8+, but it sounds good. I'm just sure this will get out of the cents above a dollar before the end of March. They have 2 more casts 17th and 18th. Let's get this flying!!!! +$1
This will see 8.00 plus this year
I did, sounds good that they have plenty of cash and a credit line for progression. I'm interested in the cannabinoids sector they're getting into. Great things will come out of INTEC Pharma this year!!
Anyone watching the conference this is going to be epic we will see a new 52wk high inbound
NTEC now partnered and aproved with Merck 16mil in cash debt free confirmed 53mil o/s and fully non dilutive funding in place with human clinical trials starting this year with Mercks Parkinson's medication this is the real deal
Easiest 400-500% gainer you’ll ever have here. Gap fill at 2.50 almost to obvious.
Pumped one stock like a madman, on to the next!
Is this company noncompliant with its share price of one dollar?
Stop guessing, nobody knows how high this can reach. Let it run and let's enjoy our profits!!!
Shh...this is going to get stupid! GL
I i know we are ?? lol dont be surprised to see some news before the weeks out and the ss is still nice could see 4.00 with news easy short squeeze will take us into range
Not needed...they will run this!!!
Shits about to get real in the am i perdict big gapper
get your crystal ball open
Def run..how high? IDK
tomorrow up and away
I got target of .75 to 1.50 from gap down on chart last summer
as this area needs to be tested and if can break 1.50 a run to 3.00 is possible over the next months of course to 3.00
short term .75 to 1.50
Shorts trying to keep this under .40 wait till the am gonna be some big dollar volume tomorrow this will not see .40 again
* * $NTEC Video Chart 03-02-2020 * *
Link to Video - click here to watch the technical chart video
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