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-0.0308370044052863 -0.0308370044052863 0.0220264317180616 0.026431718061674 0.0132158590308371 0.0160352422907489 0.0132158590308371 0.0132158590308371
Stock impact report

Benitec Biopharma Limited Announces US$2.25 Million Registered Direct Offering

LADENBURG THALMAN (LTS) 
NASDAQ:AMEX Investor Relations: ir.stockpr.com/ladenburg
Company Research Source: PR Newswire
NEW YORK and MELBOURNE, Australia, Sept. 30, 2019 /PRNewswire/ -- Benitec Biopharma Limited (ASX:BLT; NASDAQ:BNTC; NASDAQ:BNTCW) ("Benitec" or the "Company") announces it has entered into a securities purchase agreement ("SPA") with certain sophisticated and professional investors in the United States ("Investors") to issue 2,800,000 American Depositary Shares ("ADSs"), with each ADS representing 20 fully paid ordinary shares, at a purchase price of US$0.70 per ADS, in a registered direct offering. The Investors will also be issued warrants to purchase up to 412,863 ADSs in aggregate, at a purchase price per warrant equal to US$0.6999 per ADS to be issued on exercise of the warrant ("Pre-Funded Warrants"). The Pre-Funded Warrants may be exercised at any time from issue, in whole or in part, at an exercise price of US$0.0001 per ADS issued on exercise (subject to certain adjustments), provided that the beneficial ownership of the relevant Investor in the total number of ADSs on issue m Show less Read more
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