On December 19, 2025, RedHill Biopharma Ltd. entered into a Standby Equity Purchase Agreement allowing up to $25 million in sales of American Depositary Shares (ADSs) to the investor, YA II PN, Ltd. The company issued 386,593 ADSs initially and will sell additional ADSs at a discount to market price, with a total commitment fee of 2% of the commitment amount due over time.