On June 30, 2020 PolyPid Ltd. (Nasdaq: PYPD), a Phase 3 clinical-stage pharmaceutical company focused on developing targeted, locally administered and prolonged-release therapeutics using its proprietary PLEX technology, reported the closing of its initial public offering of 4,312,500 ordinary shares, including the full exercise of the underwriters’ option to purchase additional shares, at a price to the public of $16.00 per share, for gross proceeds of $69.0 million (Press release, PolyPid, JUN 30, 2020, View Source [SID1234561594]). The shares are listed for trading on the Nasdaq Global Market under the symbol "PYPD."

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Barclays and BMO Capital Markets acted as joint book-running managers. Raymond James acted as lead manager. National Securities Corporation, ODDO BHF and A.G.P/Alliance Global Partners acted as co-managers.

A registration statement relating to these securities was declared effective by the Securities and Exchange Commission on June 25, 2020. The offering was made only by means of a prospectus, copies of which may be obtained from Barclays Capital Inc. c/o Broadridge Financial Solutions by mail at 1155 Long Island Avenue, Edgewood, NY, 11717, by email at [email protected], or by calling 888-603-5847 or BMO Capital Markets Corp., Attention: Equity Syndicate Department, 3 Times Square, New York, New York 10036, telephone: 1-800-414-3627 or by emailing [email protected].