Company: BLRX
Filing Date: 2025-03-31
Form Type: 20-F
Source: 0001178913-25-001123
Chunk: 344

Company: BioLineRx Ltd.
Filing Date: 2025-03-31
Form: 20-F
Item: Item 19
Chunk 344
---
 risk, in its assessment of fair value. The fair value of the financial instruments included in the working capital of the Company, as well as the long-term loan, is usually identical or close to their carrying value. The fair value of the warrants is based on Level 3 measurements.

The fair value of the warrants, calculated based on the Black-Scholes model, was $1,691,000as of December 31, 2024.

For more information on the parameters used to value the warrants, see Note 12c.

  Changes in financial liabilities with cash flows included in financing activities  
 ─────────────────────────────────────────────────────────────────────────────────────

Long-term loan
Long-term loan
───────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
in USD thousands
Balance as of January 1, 2022 2,757 1,859 4,616
Changes during the year 2022:
Net proceeds 9,126 9,075 18,201
Principal and interest payments ( 3,177 - ( 3,177 )
Amounts recognized through profit and loss 1,462 ( 6,425 ) ( 4,963 )
Balance as of December 31, 2022 10,168 4,509 14,677
Changes during the year 2023:
Principal and interest payments ( 1,543 - ( 1,543 )
Amounts recognized through profit and loss 1,148 11,054 12,202
Share premium resulting from exercise of warrants - ( 3,631 ) ( 3,631 )
Balance as of December 31, 2023 9,773 11,932 21,705
Changes during the year 2024:
Net proceeds 19,223 8,724 27,947
Principal and interest payments ( 22,795 - ( 22,795 )
Amounts recognized through profit and loss 7,236 ( 18,965 ) ( 11,729 )
Balance as of December 31, 2024 13,437 1,691 15,128

  Fair value measurement of warrants using significant unobservable inputs (level 3)  

The following table presents the changes in level 3 instruments for the years ended December 31, 2022, 2023 and 2024:

                                                     Warrants                        
                                                     in USD thousands                
  Balance as of January 1,