RedHill Biopharma Ltd (RDHL): RedHill Biopharma Announces Closing of $...

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Tuesday, 11/23/2021 12:07:24 PM

Tuesday, November 23, 2021 12:07:24 PM

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

https://finance.yahoo.com/news/redhill-biopharma-announces-closing-15-161000809.html

TEL AVIV, Israel and RALEIGH, N.C., Nov. 23, 2021 /PRNewswire/ -- RedHill Biopharma Ltd. (Nasdaq: RDHL) ("RedHill" or the "Company"), a specialty biopharmaceutical company, today announced the closing of the previously announced underwritten public offering of approximately 4.7 million American Depositary Shares ("ADSs") for gross proceeds of approximately $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 were offered by RedHill. In addition, RedHill has granted the underwriter a 30-day option to purchase up to approximately an additional 0.7 million ADSs.