Univo Pharmaceuticals Ltd (TASE:UNVO) announced a private placement of 833,333 ordinary shares at the price of ILS 3 per share for gross proceeds of ILS 2,499,999 and 416,668 warrants on July 21, 2019. The transaction includes participation from Shirat HaChaim Ltd, Daniel Hagag Ltd., a private company controlled by Ido Hagag and with another investor. Issued shares shall represent 3.46% of the Company's share capital.

Each warrant is to be exercised at a strike price of ILS 4.5 and is valid for exercise for a period of 9 months since issuance. Shirat HaChaim Ltd is to invest the sum of ILS 500,000. Daniel Hagag Ltd. is to invest the sum of ILS 1,000,000.

The investor is to invest the sum of ILS 1,000,000. All issued securities are to be held for a period of 6 months since issuance.