Purple Biotech Announces Closing of $2.8 Million Registered Direct Offering of American Depositary Shares
Purple Biotech Ltd. - American Depositary Shares (PPBT)
Company Research
Source: GlobeNewswire
REHOVOT, Israel, Dec. 05, 2024 (GLOBE NEWSWIRE) -- Purple Biotech Ltd. (“Purple Biotech” or the “Company”) (NASDAQ/TASE: PPBT), a clinical-stage company developing first-in-class therapies that overcome tumor immune evasion and drug resistance, today announced the closing of its previously announced registered direct offering of 472,668 of the Company’s American Depositary Shares (“ADSs”), each ADS representing 200 ordinary shares, at a purchase price of $6.00 per ADS. H.C. Wainwright & Co. acted as the exclusive placement agent for the offering. The gross proceeds to the Company from the offering are approximately $2.8 million, before deducting the placement agent’s fees and other offering expenses payable by the Company. Purple Biotech intends to use the net proceeds from the offering to fund the development of its oncology therapeutic candidates and for general working capital and corporate purposes. The ADSs described above were offered by Purple Biotech pursuant to a “shel
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News
- Purple Biotech Announces Closing of $2.8 Million Registered Direct Offering of American Depositary Shares [Yahoo! Finance]Yahoo! Finance
- Purple Biotech Announces $2.8 Million Registered Direct Offering of American Depositary Shares [Yahoo! Finance]Yahoo! Finance
- Purple Biotech Announces $2.8 Million Registered Direct Offering of American Depositary SharesGlobeNewswire
- Purple Biotech Reports Positive Final Results from Randomized Phase 2 Study of CM24 in Second Line Pancreatic Cancer [Yahoo! Finance]Yahoo! Finance
- Purple Biotech Reports Positive Final Results from Randomized Phase 2 Study of CM24 in Second Line Pancreatic CancerGlobeNewswire
PPBT
Analyst Actions
- 11/15/24 - HC Wainwright
PPBT
Sec Filings
- 12/6/24 - Form 6-K
- 12/5/24 - Form 6-K
- 12/4/24 - Form 6-K
- PPBT's page on the SEC website