PainReform Ltd, Israeli biotechnology company which developing therapies for post-operative pain relief, has filed Amendment No1 to Form F-1 Registration Statement on August 5, 2020 with the U.S Securities and Exchange Commission to announce terms for its IPO.
The company plans to raise $23 million by offering 2.6 million shares at a price range of $8 to $10. Assuming a successful IPO at the midpoint of the proposed range, the company expects a market capitalization of $82 million.
The Herzliya, Israel-based company was founded in 2007 and booked $35 million in sales for the 12 months ended December 31, 2019.
The company plans to list on the Nasdaq Capital Market under the symbol “PRFX.” Maxim Group LLC and Joseph Gunnar are underwriters of the IPO.
The company engages Carter Ledyard& Milburn LLP as US Securities Counsel and Brightman Almagor Zohar & Co. as Independent Auditor.
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