MediWound Ltd. announced that it has entered into a share purchase agreement with with several new and existing investors, including Mölnlycke Health Care ("Mölnlycke") to issue 1,453,488 common shares at an issue price of $17.20 per share for the gross proceeds of $24,999,993.6 on July 15, 2024. The Private Placement is being effected pursuant to an exemption from the registration requirements of the Securities Act of 1933, as amended (the ?Securities Act?) contained in Section 4(a)(2) of and/or Regulation D under the Securities Act. Concurrently with the PIPE Offering, MediWound and Mölnlycke entered into a collaboration agreement to strengthen their partnership.

The Collaboration Agreement also contains a stand-still clause that limits Mölnlycke's ownership to no more than 9.99% of the Company's issued and outstanding Ordinary Shares.. The PIPE Offering is expected to close within several days, subject to satisfaction of customary closing conditions.