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0 0 0.0164609053497943 0.0288065843621398 0.0288065843621398 0.0304115226337449 0.0164609053497943 0.00617283950617289
Stock impact report

Purple Biotech Announces Closing of $2.8 Million Registered Direct Offering of American Depositary Shares [Yahoo! Finance]

Purple Biotech Ltd. - American Depositary Shares (PPBT) 
Company Research Source: Yahoo! Finance
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 “shelf” registration statement on Form F-3 (File No. 333-268710) previously filed with the U.S. Securities and Exchange Commission (the “SEC”) on Decem Show less Read more
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