Here is the offering...although one very key piece of information is lacking...the price!
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We are offering American Depositary Shares (“ADSs”). Each ADS represents 10 of our ordinary shares, par value NIS 0.01 per share (“Ordinary Shares”).
Our ADSs are listed on The NASDAQ Global Market (“The NASDAQ”) under the symbol “RDHL.” On August 8, 2018, the last reported sale price of our ADSs on The NASDAQ was $6.03 per ADS. Our Ordinary Shares are also listed on the Tel Aviv Stock Exchange (the “TASE”) under the symbol “RDHL.” On August 8, 2018, the last reported sale price of our Ordinary Shares on the TASE was NIS 2.25, or $0.61 per Ordinary Share (based on the exchange rate reported by the Bank of Israel on such date).
We are an “emerging growth company” as that term is used in the Jumpstart Our Business Startups Act of 2012 and, as such, we have elected to comply with certain reduced public company reporting requirements for this prospectus and may elect to comply with certain reduced public company reporting requirements for future filings.
Investing in our securities involves a high degree of risk. Please read “Risk Factors” beginning on page S-14 of this prospectus supplement, on page 3 of the accompanying prospectus and in the documents incorporated by reference into this prospectus supplement.
None of the United States Securities and Exchange Commission, the Israeli Securities Authority, any state securities commission or any other regulatory body, has approved or disapproved of these securities or passed upon the adequacy or accuracy of this prospectus supplement or the accompanying prospectus. Any representation to the contrary is a criminal offense.
