Kitov Closes $6 Million Registered Direct Offering
KITOV PHARAMCEUTICALS HOLDINGS LTD AMERICAN DEPOS (KTOV)
US:NASDAQ Investor Relations:
kitovpharma.com
Company Research
Source: GlobeNewswire
TEL-AVIV, Israel, Jan. 18, 2019 (GLOBE NEWSWIRE) -- Kitov Pharma Ltd. (NASDAQ/TASE: KTOV), an innovative pharmaceutical company, today announced the closing of its previously announced registered direct offering of 3,428,572 American Depositary Shares (ADS) at a purchase price of $1.75 per ADS, for gross proceeds of $6 million. Kitov also issued unregistered warrants to purchase up to 2,571,430 ADSs. The warrants have a term of 5.5 years, are exercisable immediately and have an exercise price of $2.00 per ADS. H.C. Wainwright & Co. acted as the exclusive placement agent in connection with this offering. The ADSs described above were offered pursuant to a shelf registration statement on Form F-3 (File No. 333-215037), which was declared effective by the United States Securities and Exchange Commission (the “SEC”) on December 14, 2016. Such ADSs were offered only by means of a prospectus, including a prospectus supplement, forming a part of the effective registration stat
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