Relief Therapeutics Files Amendment No. 1 to its Registration Statement on Form F-1 with the U.S. Securities and Exchange Commission

Rhea-AI Summary

Relief Therapeutics announced the filing of Amendment No. 1 to its Registration Statement on Form F-1 with the U.S. SEC for a proposed offering of ordinary shares in the form of American Depositary Shares (ADSs). Details regarding the number and pricing of the ADSs are yet to be determined. The company plans to list these ADSs on the NASDAQ under the symbol RLFT. The offering will only proceed with an effective prospectus.

Positive

• Filing of Amendment No. 1 could pave the way for potential capital raising through ADS offering.
• Intention to list ADSs on NASDAQ may enhance visibility and attract U.S. investors.

Negative

• No specifics on ADS offering price or number may lead to investor uncertainty.
• Dependence on SEC's declaration for effectiveness introduces regulatory risk.

GENEVA, SWITZERLAND / ACCESSWIRE / November 16, 2022 / RELIEF THERAPEUTICS Holding SA (SIX:RLF)(OTCQB:RLFTF)(OTCQB:RLFTD) ("Relief"), announced today that it has filed Amendment No. 1 to its Registration Statement on Form F-1 under the Securities Act of 1933 with the U.S. Securities and Exchange Commission ("SEC") relating to a proposed offering of its ordinary shares in the form of American Depositary Shares ("ADSs"). The number of ADSs to be offered, the plan for the distribution of the ADSs, and the price range for the proposed offering have not yet been determined. Relief plans to apply to list its ADSs on the NASDAQ stock market under the symbol "RLFT". The offering, if made, will only be made by means of an effective prospectus.

ABOUT RELIEF

Relief is a Swiss, commercial-stage, biopharmaceutical company focused on identification, development and commercialization of novel, patent protected products intended for the treatment of rare and ultra-rare diseases including metabolic disorders, pulmonary diseases, and connective tissue disorders. Relief's diversified pipeline consists of assets that have the potential to effectively address significant unmet medical needs, including PKU GOLIKE ^® , engineered with the proprietary Physiomimic technology, which is the first prolonged-release amino acid product commercialized for the dietary management of phenylketonuria ("PKU"). Relief has a Collaboration and License Agreement with Acer Therapeutics for the worldwide development and commercialization of ACER-001 (sodium phenylbutyrate) for the treatment of various inborn errors of metabolism, including Urea Cycle Disorders ("UCDs") and Maple Syrup Urine Disease ("MSUD"). Relief also continues to develop aviptadil for several rare pulmonary indications. Further, Relief is in clinical development for APR-TD011, a differentiated acid oxidizing solution of hypochlorous acid intended for the treatment of epidermolysis bullosa ("EB"), a group of rare, genetic, life-threatening connective tissue disorders; APR-TD011 has been granted Orphan Drug Designation by the FDA. Finally, Relief is commercializing several legacy products via licensing and distribution partners.

RELIEF THERAPEUTICS Holding SA is listed on the SIX Swiss Exchange under the symbol RLF and quoted in the U.S. on OTCQB under the symbols RLFTF and RLFTD.

For more information, visit www.relieftherapeutics.com . Follow Relief on LinkedIn .

CONTACT:
RELIEF THERAPEUTICS Holding SA
Jack Weinstein
Chief Financial Officer and Treasurer
contact@relieftherapeutics.com

FOR MEDIA/INVESTOR INQUIRIES:
LifeSci Advisors
Irina Koffler
+1-917-734-7387
ikoffler@lifesciadvisors.com

Disclaimer

This press release contains forward-looking statements. Forward-looking statements involve known and unknown risks and uncertainties, which may cause actual results in future periods to differ materially from forecasted results. A number of factors, including (i) whether the registration statement will be declared effective by the U.S. Securities and Exchange Commission, (ii) whether Relief will complete an offering of its ADSs even if the registration statement is declared effective, including the terms of the securities offered and the price at which they can be sold, (iii) whether Relief will be successful in listing its ADSs on the NASDAQ Stock Exchange, and (iv) those factors described in Relief's reports to the SIX Swiss Exchange and the Securities and Exchange Commission could adversely affect Relief. Copies of Relief's filings with the SEC are available on the SEC EDGAR database at www.sec.gov . Relief does not undertake any obligation to update the information contained herein, which speaks only as of this date.

A registration statement on Form F-1 related to the proposed sale of Relief's ADSs has been filed with the SEC but has not yet become effective. These securities may not be sold, nor may offers to buy these securities be accepted, prior to the time when the registration statement becomes effective.

This press release is not intended to and does not constitute an offer to sell or the solicitation of an offer to buy any securities in the United States or any other jurisdiction, nor shall there be any offer or sale of securities in the United States or any other jurisdiction in which such offer, solicitation, or sale would be unlawful unless registered and/or qualified under applicable securities laws. This press release does not constitute a prospectus according to art. 35 of the Swiss Financial Services Act dated 15 June 2018, as amended ("FinSA"), or art. 27 et seqq. of the SIX Swiss Exchange Listing Rules. There is no intention or permission to publicly offer, solicit, sell or advertise, directly or indirectly, any securities of Relief in or into Switzerland within the meaning of FinSA. Further, the ADSs have not been registered under the Securities Act of 1933, as amended (the "Act"), and no public offering of securities shall be made in the United States except by means of a prospectus meeting made available by Relief that contains detailed information about Relief and its management, as well as financial statements meeting the requirements of the Act.

SOURCE: Relief Therapeutics Holdings AG

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FAQ

What is Relief Therapeutics' recent SEC filing?

Relief Therapeutics filed Amendment No. 1 to its Form F-1 registration statement for a proposed offering of ADSs.

When does Relief Therapeutics plan to list its ADSs?

Relief plans to list its ADSs on NASDAQ under the symbol RLFT, but the timeline is not specified.

What are American Depositary Shares (ADSs)?

ADSs represent shares in a foreign company, allowing for trading in U.S. markets.

What risks are associated with Relief's proposed ADS offering?

The offering is subject to SEC approval, and details like pricing remain undetermined.

What is the significance of Relief Therapeutics' filing for investors?

The filing indicates potential fundraising, which could impact the company's financial positioning.