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CANF

Can-Fite BioPharma

$7.04 /

+1.98 (+39.13%)

14:09
05/20/19
05/20
14:09
05/20/19
14:09

Can-Fite BioPharma to sell shares and warrants in $6M registered direct offering

Can-Fite BioPharma announced that it has entered into a definitive agreement with certain institutional investors to receive gross proceeds of $6M. In connection with the offering, the company will issue 1.5M registered American Depository Shares of Can-Fite at a purchase price of $4.00 per ADS in a registered direct offering. Additionally, for each ADS purchased by investors, the investors will receive an unregistered warrant to purchase one ADS. The warrants will have an exercise price of $4.00 per ADS, will be immediately exercisable and will expire five and one-half years from the issuance date. The closing of the offering is expected to take place on or about May 22, subject to the satisfaction of customary closing conditions. H.C. Wainwright is acting as the exclusive placement agent in connection with this offering.

CANF Can-Fite BioPharma
$7.04 /

+1.98 (+39.13%)

03/27/19 H.C. Wainwright
Can-Fite selloff yesterday on trial miss unwarranted, says H.C. Wainwright
10/31/18 H.C. Wainwright
H.C. Wainwright 'cautiously optimistic' about Can-Fite after trial results delay
06/13/18
On The Fly: Top five analyst initiations
06/13/18 H.C. Wainwright
Can-Fite BioPharma assumed with a Buy at H.C. Wainwright

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