Can-Fite BioPharma Ltd. (CANF), a clinical-stage biotech firm focused on treatments for cancer and inflammatory diseases, has priced a public offering with a single institutional investor.
The deal includes 8,333,333 American Depositary Shares (ADSs) or pre-funded warrants, along with short-term warrants to purchase up to 16,666,666 ADSs, all offered at a combined price of $0.60 per unit. The short-term warrants are exercisable immediately at $0.60 per ADS and will expire 24 months from the date of issuance. The offering is expected to close on or around July 29, 2025, pending customary closing conditions.
Can-Fite anticipates gross proceeds of approximately $5 million from the offering, before fees and expenses. If all short-term warrants are exercised for cash, the company could gain an additional $10 million. However, there is no guarantee that the warrants will be exercised. The company plans to use the net proceeds to support R&D efforts, clinical trials, and general corporate operations.
CANF currently trades at $0.7045 or 28.1122% lower on the NYSE American.
For comments and feedback contact: editorial@rttnews.com
Business News
June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.