other material
confidence high
sentiment neutral
materiality 0.60
Entera Bio raises ~$6.6M in registered direct offering; issues shares and warrants
Entera Bio Ltd.
- Aggregate proceeds ~$6.6M from sale of 7,916,879 units at $0.835 each.
- Each unit includes one ordinary share (or pre-funded warrant) and one five-year warrant to purchase an ordinary share at $1.00.
- Warrants exercisable immediately; if all for cash, additional ~$7.9M potential proceeds.
- CEO Miranda Toledano and Chairman Gerald Lieberman participated in the placement.
- Company to file resale registration statement within 30 days.