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SEC filings
6-K
BIOLINERX LTD. filed this Form 6-K on 08/11/2016
Entire Document
 

BioLineRx Ltd.
NOTES TO CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS
(UNAUDITED)

NOTE 4 – ISSUANCES OF SHARE CAPITAL

a. Underwritten public offerings of American Depositary Shares

In March 2015, the Company completed an underwritten public offering of 14,375,000 ADSs at a public offering price of $2.00 per ADS. The offering raised a total of $28.8 million, with net proceeds of approximately $26.5 million, after deducting fees and expenses.

b. Share purchase agreement with Lincoln Park Capital

In May 2014, BioLineRx and Lincoln Park Capital Fund (“LPC”), entered into a $20 million, 36-month purchase agreement, whereby LPC agreed to purchase, from time to time, up to $20 million of BioLineRx’s ADSs, subject to certain limitations, during the 36-month term of the purchase agreement.

During the six months ended June 30, 2016, BioLineRx sold a total of 1,550,853 ADSs to LPC for aggregate gross proceeds of $1,627,000. In connection with these issuances, a total of 38,772 ADSs was issued to LPC as a commitment fee and a total of $33,000 was paid to Oberon Securities as a finder’s fee. On a cumulative basis, from the effective date of the purchase agreement through the approval date of these financial statements, BioLineRx has sold a total of 2,843,454 ADSs to LPC for aggregate gross proceeds of $4,270,000. In connection with these issuances, a total of 71,087 ADSs was issued to LPC as a commitment fee and a total of $85,000 was paid to Oberon Securities as a finder’s fee.

NOTE 5 – SHAREHOLDERS’ EQUITY
 
As of December 31, 2015 and June 30, 2016, share capital is composed of ordinary shares, as follows:

   
Number of ordinary shares
 
   
December 31,
   
June 30,
 
   
2015
   
2016
 
             
Authorized share capital
   
150,000,000
     
150,000,000
 
                 
Issued and paid-up share capital
   
54,818,057
     
56,423,601
 
 
   
In USD and NIS
 
   
December 31,
   
June 30,
 
   
2015
   
2016
 
             
Authorized share capital (in NIS)
   
15,000,000
     
15,000,000
 
                 
Issued and paid-up share capital (in NIS)
   
5,481,806
     
5,642,360
 
                 
                 
Issued and paid-up share capital (in USD)
   
1,455,159
     
1,459,226
 
 
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