Redhill Biopharma Announces $25 Million Unregistered Share Sale
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RedHill Biopharma Ltd. has entered into a Standby Equity Purchase Agreement with YA II PN, Ltd. to issue and sell up to $25 million of its American Depositary Shares (ADSs). The shares, representing 10,000 ordinary shares each, will be sold under terms set in the agreement. The securities are unregistered under the U.S. Securities Act of 1933 and can only be transferred or resold in compliance with applicable laws.
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