Exhibit 5.1
Eli Doron, Adv. & Notary Ronen Kantor, Adv. Amit Gross, Adv. & Notary Giora Gutman, Adv. Rachel (Goren) Cavallero, Adv. Gil Mor, Adv. & Notary** Sharon Fishman, Adv. & Notary Moti Hoffman, Adv. & Notary Efrat Hamami, Adv. Tamir Kalderon, Adv. |
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Asaf Gershgoren, Adv. & economist Efi Ohana, Adv.& economist Asaf Hofman, Adv & economist. Ron Soulema, Adv. Moti Philip, Adv. Sagiv Bar Shalom, Adv. Ori Perel, Adv. David Rozen, Adv. Israel Mark, Adv. Amir Bar Dayan, Adv. Sandrine Dray, Adv. & Notary*** Nahi Hamud, Adv. Shmulik Cohen, Adv. Yair Messalem, Adv. Maayan Peled, Adv. Igal Rosenberg, Adv. Gili Yasu, Adv. & Notary Tmoora Detsch Kaufman, Adv. Lilach Cohen-Shamir, Adv. Orly Pharan, Adv. Rotem Nissim, Adv. Orit Peper, Adv. Rivka Mangoni, Adv. Israel Asaraf, Adv. & Notary Jossef Prins, Adv. Shay Almakies, Adv.& Notary Yael Porat Kotzer, Adv. Gali Ganoni, Adv. Hadas Garoosi Wolfsthal, Adv. Odelia Cohen-Schondorf, Adv. Hasan Hasan, Adv. Yana Shapiro Orbach, Adv. Ronit Rabinovich, Adv. Nidal Siaga, Adv. Avi Cohen, Adv. Amit Moshe Cohen, Adv. Sonny Knaz, Adv. Bat-El Ovadia, Adv. Aharon Eitan, Adv. Rania Elime, Adv. Sivan Kaufman, Adv. Mor Rozenson, Adv. Iris Borcom, Adv. Inbal Naim, Adv. Sivan Feldhamer, Adv. Meital Graff, Adv. Amir Keren, Adv. Ariel Regev, Adv. Michal Zamir-Polani, Adv. Inbal Harel Gershon, Adv. Shirli Rahmani, Adv. Omer Katzir, Adv. & economist Hezi-Nir Sidon, Adv. Hadar Weizner, Adv.& economist Yaniv Levi, Adv. Noy Keren, Adv. Avi Kababgian., Adv. Or Yahal Asbag, Adv. |
Petach-Tikva, May 28, 2019
To: Can-Fite Biopharma Ltd. 10 Bareket Street Kiryat Matalon, P.O. Box 7537 Petach-Tikva 4951778, Israel
Ladies and Gentlemen,
Re: REGISTRATION STATEMENT ON FORM F-1
We have acted as Israeli counsel to Can-Fite Biopharma Ltd. (the “Company”), a company organized under the laws of the State of Israel. As such, we have participated in the preparation of the Company’s registration statement on Form F-1 (the “Registration Statement”) relating to the registration under the United States Securities Act of 1933, as amended, of the offering for resale by the selling shareholders listed therein of up to an aggregate 57,588,464 ordinary shares, par value NIS 0.25 per share of the Company (the “Ordinary Shares”) represented by around 1,919,615 American Depository Shares (the “ADSs”), consisting of (1) (i) 9,846,156 Ordinary Shares represented by around 328,205 ADSs issuable upon the exercise of warrants originally issued in a private placement on April 2019 (the “April 2019 Investor Warrants”), and (ii) 492,308 Ordinary Shares represented by around 16,410 ADSs issuable upon the exercise of placement agent warrants issued in connection with the private placement in April 2019 (the “April 2019 Placement Agent Warrants”), and (2) (i) 45,000,000 Ordinary Shares represented by 1,500,000 ADSs issuable upon the exercise of warrants originally issued in a private placement on May 2019 (the “May 2019 Investor Warrants”, and, together with the May 2019 Investor Warrants, the “Investor Warrants”), and (ii) 2,250,000 Ordinary Shares represented by 75,000 ADSs issuable upon the exercise of placement agent warrants issued in connection with the private placement in May 2019 (the “May 2019 Placement Agent Warrants” and, together with the April 2019 Placement Agent Warrants, the “Placement Agent Warrants”).
As counsel to the Company in Israel, we have examined copies of the Articles of Association, as amended, of the Company and such corporate records, instruments, and other documents relating to the Company and such matters of law as we have considered necessary or appropriate for the purpose of rendering this opinion. In such examination, we have assumed the genuineness of all signatures, the authenticity of all documents submitted to us as originals, and the conformity to authentic originals of all documents submitted to us as copies.
Based on the foregoing, and subject to the assumptions, limitations and qualifications set forth herein, we are of the opinion that the Ordinary Shares underlying the Investor Warrants and Placement Agent Warrants, when paid for and issued pursuant to the terms of the applicable warrants, will be duly authorized, legally issued, fully paid and non-assessable.
We are members of the Israeli bar, and the opinions expressed herein are limited to questions arising under the laws of the State of Israel, and we disclaim any opinion whatsoever with respect to matters governed by the laws of any other jurisdiction.
We consent to the filing of this opinion as an exhibit to the Registration Statement and to the use of our name in the Registration Statement under the caption “Legal Matters”. In giving such consent, we do not hereby admit that we are in the category of persons whose consent is required under Section 7 of the Securities Act or the rules and regulations of the Commission.
Very truly yours,
/s/ Doron Tikotzky Kantor Gutman & Amit Gross
Doron Tikotzky Kantor Gutman & Amit Gross
Advocates& Notaries | |
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England & Wales | ||
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