BioLineRx Ltd (BLRX): BioLineRx Announces $10 Million Bought D...

Reply Private New

Next 10 Prev Next

Send PM Follow Ignore

Followers	145
Posts	27566
Boards Moderated	3
Alias Born	02/07/2004

midastouch017

Re: midastouch017 post# 2286

Wednesday, 01/20/2021 1:25:09 AM

Wednesday, January 20, 2021 1:25:09 AM

BioLineRx Announces $10 Million Bought Deal Offering

https://finance.yahoo.com/news/biolinerx-announces-10-million-bought-215500229.html

Tue, January 19, 2021, 11:55 PM

TEL AVIV, Israel, Jan. 19, 2021 /PRNewswire/ -- BioLineRx Ltd. (NASDAQ: BLRX) (TASE: BLRX), a late clinical-stage biopharmaceutical company focused on oncology, today announced that it has entered into an underwriting agreement with H.C. Wainwright & Co., LLC under which the underwriter has agreed to purchase on a firm commitment basis 4,166,667 American Depositary Shares (ADSs) of the Company, at a price to the public of $2.40 per ADS, less underwriting discounts and commissions. Each ADS represents fifteen ordinary shares, par value NIS 0.10 per share, of the Company. The closing of the offering is expected to occur on or about January 22, 2021, subject to satisfaction of customary closing conditions.

H.C. Wainwright & Co. is acting as the sole book-running manager for the offering.

The Company also has granted to the underwriter a 30-day option to purchase up to additional 625,000 ADSs at the public offering price, less underwriting discounts and commissions.