13 Aug 2014

VBL Therapeutics Announces Termination of Underwriting Agreement for Public Offering

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TEL AVIV, Israel, Aug. 8, 2014 (GLOBE NEWSWIRE) -- VBL Therapeutics today announced that the underwriting agreement for its initial public offering has been terminated by the Company's underwriters, Deutsche Bank and Wells Fargo Securities, LLC, due to an unexpected situation in which a substantial existing U.S. shareholder did not fund payment for shares it previously agreed to purchase in the offering. As a result of the termination of the underwriting agreement, no shares will be issued pursuant to the registration statement for the offering that was declared effective by the Securities and Exchange Commission on July 30, 2014.

The termination notice is not related to the Company, its business or its prospects.