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-0.0146341463414635 -0.0219512195121953 0 0.0195121951219512 0.0243902439024389 0.0243902439024389 0.0243902439024389 0.0243902439024389
Stock impact report

Tiziana Announces Pricing of U.S. Follow-On Offering of ADSs Raising $10 Million

Tiziana Life Sciences Ltd - Common Shares (TLSA) 
Company Research Source: PR Newswire
NEW YORK and LONDON, March 11, 2020 /PRNewswire/ -- Tiziana Life Sciences plc (NASDAQ: TLSA) (AIM: TILS) (the "Company" or "Tiziana"), a U.S. and U.K. biotechnology company that focuses on the discovery and development of novel molecules to treat human disease in oncology and immunology, today announced the pricing of its underwritten follow-on public offering (the "Offering") of American Depositary Shares ("ADSs") on the NASDAQ Global Market. Tiziana will issue 3,333,333 ADSs (representing 16,666,665 new ordinary shares of nominal value £0.03 each in the capital of the Company ("Ordinary Shares")) at a price to the public of $3.00 per ADS raising gross proceeds of approximately $10 million (before deducting underwriting discount, commissions and offering expenses). Each ADS offered represents five (5) Ordinary Shares. In addition, Tiziana has granted the underwriters a 45-day option to purchase up to an additional 500,000 ADSs on the same terms and conditions (the "Option").  All ADS Show less Read more
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