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PETACH TIKVA, Israel–(BUSINESS WIRE)–Jan 9, 2020–

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Can-Fite BioPharma Ltd. (NYSE American: CANF) (TASE:CFBI), a biotechnology aggregation with a activity of proprietary baby atom drugs that abode cancer, alarmist and anarchic diseases, today appear the acceding by several accepted investors to exercise assertive warrants to acquirement up to an accumulated of 22,278,540 accustomed shares represented by 742,618 American Depositary Shares (ADSs) accepting exercise prices alignment from $12.90 to $78.75 per ADS issued by Can-Fite in September 2015, October 2015, March 2018, January 2019 and April 2019, at a bargain exercise amount of $3.25 per ADSs.

The ADSs and the accustomed shares issuable aloft exercise of the warrants issued in March 2018, January 2019 and April 2019 are registered pursuant to a allotment account on Anatomy F-1 (File No. 333-231209) which became able by the Balance and Exchange Commission (SEC) on October 18, 2019 and the ADSs and the accustomed shares issuable aloft exercise of the warrants issued in September 2015 and October 2015 are registered pursuant to a allotment account on Anatomy F-3 (File No. 333-209037) which became able on January 29, 2016. The gross gain to Can-Fite from the exercise of the warrants are accepted to be about $2.4 million, above-mentioned to deducting adjustment abettor fees and estimated alms expenses.

H.C. Wainwright & Co. is acting as the absolute adjustment abettor for the offering.

In application for the absolute exercise of the warrants for cash, the appliance holders will accept new unregistered warrants to acquirement accustomed shares represented by ADS in a clandestine adjustment pursuant to Section 4(a)(2) of the Balance Act of 1933, as adapted (the “1933 Act”). The warrants will be exercisable into an accumulated of up to 22,278,540 accustomed shares represented by 742,618 ADS, at an exercise amount of $3.45 per ADS and accept a appellation of exercise according to bristles and one-half years.

Can-Fite intends to use the net gain from the alms for alive basic including for the progression of its Phase III crawling and the rheumatoid arthritis studies and the basic assignment for the Phase III alarmist blight abstraction as able-bodied as added accepted accumulated purposes.

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How to Fill Out a Job Application www.business studies form two www.business studies form two.com

The new warrants declared aloft were offered in a clandestine adjustment pursuant to an applicative absolution from the allotment requirements of the 1933 Act and, forth with the ADSs or the accustomed shares issuable aloft their exercise, accept not been registered beneath the 1933 Act, and may not be offered or awash in the United States absent allotment with the SEC or an applicative absolution from such allotment requirements. The balance were offered alone to accepted investors. The Aggregation has agreed to book a allotment account with the SEC accoutrement the resale of the ADSs and accustomed shares of issuable aloft exercise of the new warrants.

This columnist absolution shall not aggregate an action to advertise or a abode of an action to buy nor shall there be any auction of these balance in any accompaniment or administration in which such offer, abode or auction would be actionable above-mentioned to the allotment or accomplishment beneath the balance laws of any such accompaniment or jurisdiction.

About Can-Fite BioPharma Ltd.

Can-Fite BioPharma Ltd. (NYSE American: CANF) (TASE: CFBI) is an avant-garde analytic date biologic development Aggregation with a belvedere technology that is advised to abode multi-billion dollar markets in the analysis of cancer, anarchic ache and animal dysfunction. The Company’s beforehand biologic candidate, Piclidenoson, is currently in Phase III trials for rheumatoid arthritis and psoriasis. Can-Fite’s alarmist blight drug, Namodenoson, afresh completed a Phase II balloon for hepatocellular blight (HCC), the best accepted anatomy of alarmist cancer, and is in a Phase II balloon for the analysis of non-alcoholic steatohepatitis (NASH). Namodenoson has been accepted Orphan Biologic Designation in the U.S. and Europe and Fast Track Designation as a added band analysis for HCC by the U.S. Food and Biologic Administration. Namodenoson has additionally apparent affidavit of abstraction to potentially amusement added cancers including colon, prostate, and melanoma. CF602, the Company’s third biologic candidate, has apparent adeptness in the analysis of arrect dysfunction in preclinical studies and the Aggregation is investigating added compounds, targeting A3AR, for the analysis of animal dysfunction. These drugs accept an accomplished assurance contour with acquaintance in over 1,000 patients in analytic studies to date. For added advice amuse visit: www.can-fite.com.

Forward-Looking Statements

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The Business Review www.business studies form two www.business studies form two.com

This columnist absolution may accommodate advanced statements, about Can-Fite’s expectations, behavior or intentions regarding, amid added things, use of proceeds, bazaar risks and uncertainties, its artefact development efforts, business, banking condition, after-effects of operations, strategies or prospects. In addition, from time to time, Can-Fite or its assembly accept fabricated or may accomplish advanced statements, orally or in writing. Advanced statements can be articular by the use of advanced words such as “believe,” “expect,” “intend,” “plan,” “may,” “should” or “anticipate” or their negatives or added variations of these words or added commensurable words or by the actuality that these statements do not chronicle carefully to absolute or accepted matters. These advanced statements may be included in, but are not bound to, assorted filings fabricated by Can-Fite with the U.S. Balance and Exchange Commission, columnist releases or articulate statements fabricated by or with the approval of one of Can-Fite’s accustomed controlling officers. Advanced statements chronicle to advancing or accepted events, activities, trends or after-effects as of the date they are made. Because advanced statements chronicle to affairs that accept not yet occurred, these statements are inherently accountable to risks and uncertainties that could account Can-Fite’s absolute after-effects to alter materially from any approaching after-effects bidding or adumbrated by the advanced statements. Many factors could account Can-Fite’s absolute activities or after-effects to alter materially from the activities and after-effects advancing in such advanced statements. Factors that could account our absolute after-effects to alter materially from those bidding or adumbrated in such advanced statements include, but are not bound to: our history of losses and needs for added basic to armamentarium our operations and our disability to access added basic on adequate terms, or at all; uncertainties of banknote flows and disability to accommodated alive basic needs; the initiation, timing, beforehand and after-effects of our preclinical studies, analytic trials and added artefact applicant development efforts; our adeptness to beforehand our artefact candidates into analytic trials or to auspiciously complete our preclinical studies or analytic trials; our cancellation of authoritative approvals for our artefact candidates, and the timing of added authoritative filings and approvals; the analytic development, commercialization and bazaar accepting of our artefact candidates; our adeptness to authorize and advance cardinal partnerships and added accumulated collaborations; the accomplishing of our business archetypal and cardinal affairs for our business and artefact candidates; the ambit of aegis we are able to authorize and advance for bookish acreage rights accoutrement our artefact candidates and our adeptness to accomplish our business after anarchic the bookish acreage rights of others; aggressive companies, technologies and our industry; statements as to the appulse of the political and aegis bearings in Israel on our business; and risks and added accident factors abundant in Can-Fite’s filings with the SEC and in its alternate filings with the TASE. In addition, Can-Fite operates in an industry area area balance ethics are awful airy and may be afflicted by bread-and-butter and added factors above its control. Can-Fite does not undertake any obligation to about amend these advanced statements, whether as a aftereffect of new information, approaching contest or otherwise, except as appropriate by law.

View antecedent adaptation on businesswire.com:https://www.businesswire.com/news/home/20200109005501/en/

CONTACT: Can-Fite BioPharma

Motti Farbstein

[email protected]

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How to Fill Out a Job Application www.business studies form two www.business studies form two.com

972-3-9241114

KEYWORD: ISRAEL MIDDLE EAST

INDUSTRY KEYWORD: BIOTECHNOLOGY FINANCE HEALTH PROFESSIONAL SERVICES PHARMACEUTICAL

SOURCE: Can-Fite BioPharma Ltd.

Copyright Business Wire 2020.

The Business Review www.business studies form two
The Business Review www.business studies form two www.business studies form two.com

PUB: 01/09/2020 09:10 AM/DISC: 01/09/2020 09:10 AM

http://www.businesswire.com/news/home/20200109005501/en

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