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The latest announcement is out from Belite Bio, Inc. ADR ( (BLTE) ).
On August 6, 2025, Belite Bio, Inc announced a securities purchase agreement with an institutional investor for a registered direct offering of 230,770 American Depositary Shares and warrants, priced at $65 per ADS. This offering, expected to close around August 8, 2025, aims to raise approximately $15 million, with the potential for an additional $15 million from warrant exercises. The proceeds will be used for working capital and general corporate purposes, with Titan Partners Group acting as the sole placement agent.
The most recent analyst rating on (BLTE) stock is a Buy with a $60.00 price target. To see the full list of analyst forecasts on Belite Bio, Inc. ADR stock, see the BLTE Stock Forecast page.
Spark’s Take on BLTE Stock
According to Spark, TipRanks’ AI Analyst, BLTE is a Neutral.
Belite Bio faces significant financial challenges with no revenue and increasing losses, impacting its overall score. Technical indicators show neutral momentum, and valuation is unattractive with negative earnings. However, the earnings call highlights clinical advancements and financial stability, providing a positive outlook in the long term despite current financial difficulties.
To see Spark’s full report on BLTE stock, click here.
More about Belite Bio, Inc. ADR
Belite Bio, Inc is a clinical-stage drug development company focused on advancing novel therapeutics targeting retinal degenerative eye diseases with significant unmet medical needs, such as Stargardt disease and Geographic Atrophy in advanced dry age-related macular degeneration, in addition to specific metabolic diseases.
Average Trading Volume: 46,664
Technical Sentiment Signal: Strong Buy
Current Market Cap: $2.16B
Learn more about BLTE stock on TipRanks’ Stock Analysis page.