6-K - Sol-Gel Technologies Ltd. | StockGist

AI Analysis

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Sol-Gel Technologies Ltd. announced the pricing of an oversubscribed underwritten offering of 459,112 ordinary shares at $72.00 per share, expecting gross proceeds of approximately $33.1 million before underwriting discounts and expenses. The net proceeds will fund continued development of SGT-610, including pre-commercialization activities, and working capital and general corporate purposes.

Key Takeaways

1459,112 ordinary shares offered at $72.00 per share

2Gross proceeds of approximately $33.1 million

3Offering expected to close on or about March 25, 2026

4Underwriters: TD Cowen and LifeSci Capital as joint book-running managers

5Investors include Great Point Partners, LLC, Trails Edge Capital Partners, Surveyor Capital, Affinity Asset Advisors, Squadron Capital Management, Stonepine Capital Management, AuGC BioFund

6Proceeds for SGT-610 development and general corporate purposes

Current Report Details

Event Type

Securities Issuance

Disclosure

Voluntary

Variant

6-K

Items Reported

6-K

Current Report on Form 6-K

Securities Issuance

$72.00$33.1M

Transaction Details

Material Agreement

Agreement: Underwriting Agreement
Parties: Sol-Gel Technologies Ltd., TD Securities (USA) LLC, LifeSci Capital LLC

•Dated March 23, 2026
•Proposes to issue and sell 459,112 ordinary shares
•Representatives: TD Securities (USA) LLC (TD Cowen) and LifeSci Capital LLC

Exhibits (4)

1.1

EXHIBIT 1.1

5.1

EXHIBIT 5.1

6-K

99.1

EXHIBIT 99.1