Sichenzia Ross Friedman Ference LLP Represents Israeli Biotech Company Can-Fite Biopharma on $4.8M Registered Direct Offering of ADSs
New York, NY – Press Release – October 15, 2015 – Securities and corporate law firm Sichenzia Ross Friedman Ference LLP (“SRFF”) announced today that the Firm has represented Can-Fite BioPharma Ltd. (NYSE MKT: CANF) (TASE:CFBI), an Israeli biotechnology company advancing a pipeline of proprietary small molecule drugs that addresses cancer and inflammatory diseases, on a registered direct offering with institutional investors where the Company issued 1,109,196 American Depository Shares (ADSs) at a purchase price of $4.35 per ADS. In connection with the offering, the investors will receive an unregistered warrant to purchase 40% of an ADS for each ADS originally purchased. The warrants have an exercise price of $5.25 per ADS and Can-Fite raised approximately $4.8 million in gross proceeds. This past September, SRFF also represented Can-Fite in an earlier public offering of ADSs where the Company raised $9 million.
The Sichenzia Ross Friedman Ference LLP team was led by Partner Gregory Sichenzia in collaboration with Gary Emmanuel and Avital Even Shoshan. Additionally, H.C. Wainwright & Co. acted as the placement agent in connection with this offering.
Visit SRFK's LinkedIn page
Latest posts by Sichenzia Ross Ference Kesner LLP (see all)
- Attorney - July 17, 2017
- Partner Harvey Kesner Rings Nasdaq Opening Bell with Laidlaw & Company (UK) Ltd. and Therapix Biosciences Ltd. - June 28, 2017
- Sichenzia Ross Ference Kesner LLP Represents Rodman & Renshaw a unit of H.C Wainwright in a$7.4 Million Public Offering of Medical Transcript Billing, Corp. - June 28, 2017