Offering sells 980,000 ordinary shares at $0.615 apiece, a 25% premium
By Devika Patel
Knoxville, Tenn., Dec. 23 – Tikcro Technologies Ltd. settled a $600,000 private placement of stock on Dec. 23, according to an 8-K filed Wednesday with the Securities and Exchange Commission.
The company sold 980,000 ordinary shares at $0.615 apiece, a 25% premium to the Dec. 22 closing share price of $0.60.
The Hadera, Israel, company has developed a 3D antigen design methodology to generate antibodies for the treatment of certain cancer indications by addressing immune modulators.
| Issuer: | Tikcro Technologies Ltd.
|
| Issue: | Ordinary shares
|
| Amount: | $600,000
|
| Shares: | 980,000
|
| Price: | $0.615
|
| Warrants: | No
|
| Settlement date: | Dec. 23
|
| Stock symbol: | OTCBB: TIKRF
|
| Stock price: | $0.60 at close Dec. 22
|
| Market capitalization: | $5.34 million
|
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