RedHill Biopharma (RDHL) boosts capacity of at-the-market ADS program
Rhea-AI Filing Summary
RedHill Biopharma Ltd. reports that it has filed a prospectus supplement dated May 7, 2026 to increase the maximum aggregate offering amount available under its existing at-the-market equity program. The program covers American Depositary Shares, with each ADS representing 10,000 ordinary shares.
The ADSs may be issued and sold from time to time under an At The Market Offering Agreement with H.C. Wainwright & Co., LLC originally dated February 3, 2025. The report also notes that related legal opinions and consents are filed as exhibits and that this update is incorporated by reference into multiple existing S-8 and F-3 registration statements.
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Key Figures
ADS to ordinary share ratio: 10,000 ordinary shares per ADS
1 metrics
ADS to ordinary share ratio
10,000 ordinary shares per ADS
Each American Depositary Share
Key Terms
American Depositary Shares, At The Market Offering Agreement, Form 6-K, Registration Statements on Form S-8, +1 more
5 terms
At The Market Offering Agreement financial
"may be issued and sold from time to time under the At The Market Offering Agreement that the Company entered into"
An at-the-market offering agreement is a contract that lets a company sell newly issued shares directly into the open market through a broker, at whatever price the stock is trading at that moment. For investors this matters because it can increase the number of shares available (which may dilute existing ownership) while providing a flexible, often faster way for the company to raise cash without fixing a price, similar to a vendor selling small batches at current market stalls rather than setting a single fixed price.
Form 6-K regulatory
"INFORMATION CONTAINED IN THIS REPORT ON FORM 6-K"
A Form 6-K is a report that companies listed in certain countries file to provide important updates, such as financial results, corporate changes, or other significant information, to regulators and investors. It functions like an official company update or news release, helping investors stay informed about developments that could affect their investment decisions.
Registration Statements on Form S-8 regulatory
"incorporated by reference into the Company's Registration Statements on Form S-8 filed with the Securities and Exchange Commission"
Registration Statements on Form F-3 regulatory
"and its Registration Statements on Form F-3 filed with the Securities and Exchange Commission"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What did RedHill Biopharma (RDHL) disclose in its May 2026 Form 6-K?
RedHill Biopharma disclosed that it filed a prospectus supplement on May 7, 2026 to increase the maximum aggregate offering amount under its at-the-market ADS program, which is conducted through H.C. Wainwright & Co., LLC.
What securities are covered by RedHill Biopharma’s updated ATM program?
The updated program covers American Depositary Shares, with each ADS representing 10,000 ordinary shares of RedHill Biopharma, par value NIS 0.01 per share, which may be issued and sold from time to time under the existing At The Market Offering Agreement.
Which agreement governs RedHill Biopharma’s at-the-market ADS sales?
The ADS sales are governed by an At The Market Offering Agreement between RedHill Biopharma and H.C. Wainwright & Co., LLC, originally entered into on February 3, 2025, under which ADSs may be issued and sold periodically.
How does this Form 6-K interact with RedHill Biopharma’s existing registration statements?
The Form 6-K is expressly incorporated by reference into RedHill Biopharma’s previously filed registration statements on Form S-8 and Form F-3, allowing the updated at-the-market ADS offering terms to be used under those effective registration statements.
What legal documents accompany RedHill Biopharma’s May 2026 Form 6-K?
The filing includes legal opinions from Goldfarb Gross Seligman & Co. and Haynes and Boone, LLP, along with their related consents, supporting the validity of the securities issuable under the updated at-the-market ADS offering.