The biomed company signed its second investment deal with an Israeli institution.
Bio-Light Israeli Life Sciences Investments Ltd. (TASE:BOLT; Bulletin Board: BLGTY) has signed its second investment deal with an Israeli institution in as many days. Excellence Investments Ltd. (TASE: EXCE) unit Excellence Nessuah Provident Funds and Pension Ltd. has invested NIS 4.5 million in the drug development company, a day after The Phoenix Holdings Ltd. (TASE: PHOE1;PHOE5) invested NIS 10.5 million.
Bio-Light issued 20,930,000 shares to Excellence at NIS 0.215 per share, amounting to 4.68% of the company. It also issued 20,930,000 warrants, exercisable for the same number of shares through the end of 2016, at a strike price of NIS 0.37 per share.
Bio-Light's share price rose 2.9% in morning trading today, after rising 7.7% yesterday, to NIS 0.215, giving a market cap of NIS 90 million.
Published by Globes [online], Israel business news - www.globes-online.com - on March 19, 2014
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