Quoin Pharma Files S-1/A Amendment
Ticker: QNRX · Form: S-1/A · Filed: Dec 18, 2024 · CIK: 1671502
| Field | Detail |
|---|---|
| Company | Quoin Pharmaceuticals, Ltd. (QNRX) |
| Form Type | S-1/A |
| Filed Date | Dec 18, 2024 |
| Risk Level | medium |
| Pages | 15 |
| Reading Time | 18 min |
| Key Dollar Amounts | $0.78, $0, $0.0001 |
| Sentiment | neutral |
Sentiment: neutral
Topics: sec-filing, pharmaceutical, public-offering
TL;DR
Quoin Pharma (fka Cellect) amended its S-1 filing. Public offering incoming.
AI Summary
Quoin Pharmaceuticals, Ltd. filed an S-1/A amendment on December 18, 2024, for its registration statement. The company, formerly known as Cellect Biotechnology Ltd. and Cellect Biomed Ltd., is incorporated in the State of Israel and operates in the Pharmaceutical Preparations sector. Its principal executive offices are located in Ashburn, VA.
Why It Matters
This filing indicates Quoin Pharmaceuticals is moving forward with its public offering plans, which could impact its ability to raise capital for drug development and commercialization.
Risk Assessment
Risk Level: medium — As a pharmaceutical company undergoing a public offering, Quoin faces risks related to regulatory approval, market competition, and the inherent uncertainties of drug development.
Key Numbers
- 2834 — SIC Code (Indicates the company operates in Pharmaceutical Preparations.)
Key Players & Entities
- Quoin Pharmaceuticals, Ltd. (company) — Registrant
- Cellect Biotechnology Ltd. (company) — Former company name
- Cellect Biomed Ltd. (company) — Former company name
- Dr. Michael Myers (person) — Chief Executive Officer
- Peter I. Tsoflias (person) — Contact for copies
- 333-283734 (dollar_amount) — SEC Registration Number
FAQ
What is the purpose of this S-1/A filing?
This is an amendment to Quoin Pharmaceuticals, Ltd.'s Form S-1 Registration Statement, indicating updates or changes to their initial filing for a public offering.
When was this amendment filed?
The amendment was filed with the SEC on December 18, 2024.
What were Quoin Pharmaceuticals' former names?
Quoin Pharmaceuticals, Ltd. was formerly known as Cellect Biotechnology Ltd. and Cellect Biomed Ltd.
Where are Quoin Pharmaceuticals' principal executive offices located?
Their principal executive offices are located at 42127 Pleasant Forest Court, Ashburn, VA 20148-7349.
What is the company's Standard Industrial Classification (SIC) code?
The company's SIC code is 2834, which corresponds to Pharmaceutical Preparations.
Filing Stats: 4,557 words · 18 min read · ~15 pages · Grade level 15.2 · Accepted 2024-12-18 16:01:52
Key Financial Figures
- $0.78 — r each ADS and accompanying Warrants is $0.78 , which was the closing price of our AD
- $0 — d to the public in this offering, minus $0.0001, and the exercise price of each Pr
- $0.0001 — rice of each Pre-Funded Warrant will be $0.0001 per ADS. The Pre-Funded Warrants and Wa
Filing Documents
- tm2430640d3_s1a.htm (S-1/A) — 612KB
- tm2430640d3_ex23-1.htm (EX-23.1) — 3KB
- tm2430640d1_s1img01.jpg (GRAPHIC) — 4KB
- tm2430640d1_s1img02.jpg (GRAPHIC) — 35KB
- tm2430640d1_s1img03.jpg (GRAPHIC) — 7KB
- 0001104659-24-129745.txt ( ) — 679KB
USE OF PROCEEDS
USE OF PROCEEDS 16 CAPITALIZATION 17
DILUTION
DILUTION 18 DESCRIPTION OF SHARE CAPITAL 19 DESCRIPTION OF AMERICAN DEPOSITARY SHARES 26 DESCRIPTION OF Warrants WE ARE OFFERING 35 CERTAIN MATERIAL U.S. FEDERAL INCOME TAX CONSIDERATIONS 39 CERTAIN MATERIAL ISRAELI TAX CONSIDERATIONS 46 PLAN OF DISTRIBUTION 51 LEGAL MATTERS 58 EXPERTS 58 ENFORCEABILITY OF CIVIL LIABILITIES 58 WHERE YOU CAN FIND MORE INFORMATION 59 Incorporation of Certain Information By Reference 60 The registration statement containing this prospectus, including the exhibits to the registration statement, provides additional information about us and the Securities offered under this prospectus. The registration statement, including the exhibits, can be read on our website and the website of the Securities and Exchange Commission. See “Where You Can Find More Information.” Information contained in, and that can be accessed through our web site, www.quoinpharma.com, shall not be deemed to be part of this prospectus or incorporated herein by reference and should not be relied upon by any prospective investors for the purposes of determining whether to purchase the Securities offered hereunder. Unless otherwise indicated or the context otherwise requires, all references in this prospectus to the terms “Quoin,” “Quoin Ltd.,” the “Company,” “us,” “we”, “our” and the “Registrant” refer to Quoin Pharmaceuticals Ltd., an Israeli company, and its consolidated subsidiaries and “this offering” refers to the offering contemplated in this prospectus. About this Prospectus We and the Placement Agent have not authorized anyone to provide any information or to make any representations other than those contained, or incorporated by reference, in this prospectus or in any free writing prospectuses prepared by us or on our behalf or to which we have referred you. We take no responsibility for, and can provide no assuran