Can-Fite BioPharma Launches $9M ADS Offering

Can-Fite BioPharma (CANF) has released an update.

Can-Fite BioPharma Ltd., an Israeli biopharmaceutical company, has announced the ongoing offer and sale of up to $9 million in American Depositary Shares (ADSs), each representing 300 ordinary shares. The offering is being carried out under an At The Market Offering Agreement and a previously filed Registration Statement with the SEC. Legal counsel has confirmed that upon issuance, the ordinary shares underlying the ADSs will be validly issued, fully paid, non-assessable, and free of preemptive or similar rights.

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