VBL Therapeutics Announces Closing of $15.5 Million Registered Direct Offering
Vascular Biogenics Ltd. - Ordinary Shares (VBLT)
Last vascular biogenics ltd. - ordinary shares earnings: 11/14 07:00 am
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vblrx.com
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Source: GlobeNewswire
TEL AVIV, Israel, June 27, 2018 (GLOBE NEWSWIRE) -- VBL Therapeutics (Nasdaq:VBLT), a clinical-stage biotechnology company focused on the discovery, development and commercialization of first-in-class treatments for cancer, today announced the closing of its previously announced registered direct offering of units consisting of 5,904,762 of its ordinary shares and accompanying short term warrants to purchase up to 2,952,381 ordinary shares and long term warrants to purchase up to 2,952,381 ordinary shares (collectively, the “warrants”). The combined offering price of each ordinary share and accompanying warrants is $2.625 per unit, for aggregate gross proceeds of approximately $15.5 million. The ordinary shares and the warrants are immediately separable and were issued separately. H.C. Wainwright & Co. acted as the exclusive placement agent for the offering. The short term warrants have an exercise price of $2.51 per ordinary share, will be exercisable immediately and will expire
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