06/29/2026 | Press release | Distributed by Public on 06/29/2026 14:08
Item 8.01. Other Events.
As previously disclosed, on May 9, 2025, Nuvectis Pharma, Inc. (the "Company") entered into a Sales Agreement (the "Sales Agreement") with Leerink Partners LLC (the "Agent") pursuant to which the Company may sell, from time to time, at its option, shares (the "Shares") of the Company's common stock (the "Common Stock"), under a prospectus (the "Sales Agreement Prospectus") through the Agent.
On June 29, 2026, the Company determined to lower the amount available for sales under the Sales Agreement Prospectus with the Agent, to $5 million, pursuant to which the Company may offer and sell shares of its common stock from time to time. At this time, the Company is suspending the Sales Agreement Prospectus and will not make any sales of Shares pursuant to the Sales Agreement unless and until a new prospectus, prospectus supplement or registration statement is filed. The Sales Agreement otherwise remains in full force and effect.