Kitov Pharmaceuticals Prices Registered Direct Offering

Kitov Pharmaceuticals Prices Registered Direct Offering

Kitov Pharmaceuticals Holdings shares plunged to a new record low after the company said it has entered into definitive agreements with institutional and other investors providing for the issuance of 2,431,746 American depositary shares (ADS) at $1.45 per ADS in a registered direct offering. Kitov will issue unregistered warrants to purchase up to 1,215,873 ADSs. The warrants will have a term of 5 and a half years, and are exercisable […]

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