New York, NY – Press Release – October 15, 2015 – Securities and corporate law firm Sichenzia Ross Friedman Ference LLP (“SRFF”) announced today that the Firm has represented Can-Fite BioPharma Ltd. (NYSE MKT: CANF) (TASE:CFBI), an Israeli biotechnology company advancing a pipeline of proprietary small molecule drugs that addresses cancer and inflammatory diseases, on a registered direct offering with institutional investors where the Company issued 1,109,196 American Depository Shares (ADSs) at a purchase price of $4.35 per ADS. In connection with the offering, the investors will receive an unregistered warrant to purchase 40% of an ADS for each ADS originally purchased. The warrants have an exercise price of $5.25 per ADS and Can-Fite raised approximately $4.8 million in gross proceeds. This past September, SRFF also represented Can-Fite in an earlier public offering of ADSs where the Company raised $9 million.
The Sichenzia Ross Friedman Ference LLP team was led by Partner Gregory Sichenzia in collaboration with Gary Emmanuel and Avital Even Shoshan. Additionally, H.C. Wainwright & Co. acted as the placement agent in connection with this offering.
About Sichenzia Ross Friedman Ference LLP
Sichenzia Ross Friedman Ference LLP is a nationally recognized securities and corporate law firm that provides experienced representation in all matters involving the securities industry. Super Lawyers consistently recognizes our attorneys as among the highest rated securities lawyers in the nation. Our attorneys specialize in advising clients on private placements, initial (IPOs) and secondary public offerings, alternative public offerings, preparation of SEC filings and listings on major capital stock exchanges such as the NYSE (New York Stock Exchange), NASDAQ and OTC markets. In addition, our litigation and arbitration attorneys are highly skilled in representing clients from routine lawsuits to complex cases before the SEC, FINRA and other tribunals.
