New York, September 28, 2015 — Oasmia Pharmaceutical AB, a developer of a new generation of drugs within human and veterinary oncology, has filed an updated registration statement on Form F-1/A with the Securities and Exchange Commission to include the addition of a warrant to purchase additional American Depositary Shares representing its Ordinary Shares in connection with its proposed public offering of American Depositary Shares and contemporaneous listing of the American Depositary Shares on the US Nasdaq Capital Market.
Oasmia will issue to each investor in its proposed offering of American Depositary Shares, or ADSs, one warrant to purchase such ADSs for each two ADSs sold in the offering. The warrants will be exercisable immediately at an exercise price of 125% of the offering price of the ADSs and will expire four (4) years from the date of issuance. Assuming closing of the offering, including the sale of warrants therein, the gross proceeds raised in the offering would increase by 62.5% assuming full exercise of all warrants sold. The ADSs and warrants will be separately issued, but will be issued and sold in equal proportions.
Ladenburg Thalmann is acting as lead book-running manager for the proposed offering, subject to customary closing conditions. The number of American Depositary Shares representing Ordinary Shares to be offered, and the price of the American Depositary Shares to be sold in the offering, have not yet been determined.
The offering of these securities will be made only by means of a prospectus. Copies of the preliminary prospectus relating to the offering may be obtained from Vallongatan 1, Telephone: +46 18 50 54 40, Facsimile: +46 18 51 08 73 or by Emailing: info@oasmia.com. In addition, the registration statement, including the prospectus, is available to the public at www.sec.gov or www.vivesto.com.