Bioline RX Ltd Sponsored ADR (BLRX) has released an update.
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BiolineRx Ltd., an Israeli company, has successfully completed a registered direct offering involving the sale of 7.5 million American Depositary Shares (ADSs) and warrants to purchase an additional 7.5 million ADSs. Legal counsel has confirmed that all necessary corporate actions have been taken for the issuance of these securities, which upon sale, will be validly issued, fully paid, and non-assessable. This move is set to enhance the company’s financial flexibility and market position.
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