Univo Pharmaceuticals Ltd (TASE:UNVO) announced that it will issue 1,225,880 shares at issue price of ILS 4.89 per share for gross proceeds of ILS 5,994,553.2 on October 30, 2019. The transaction will include participation from EFGPharm Ltd. The company also issued 500,359 warrants. Each warrant can be exercised to purchase one common share of the company at an exercise price of ILS 4.5 per warrant for a period of 12 months from the closing of the transaction. All the securities issued in the transaction is subject to a hold period of 6 months from the closing of the transaction.