Check-Cap Ltd.’s Shares Offerin


FBC represented Check-Cap Ltd. in the deal.

Check-Cap Ltd. partecipated in a warrant exercise transaction with several existing institutional investors who were holders of certain outstanding warrants to purchase the Company’s ordinary shares issued in prior registered direct offerings.

In connection with the transaction, the holders exercised in cash their prior warrants, at a reduced exercise price of $0.6 per share. In addition, the Company issued to the holders new unregistered warrants to purchase 120% of the number of ordinary shares underlying the prior warrants, at an exercise price of $0.8 per share. The Company received gross proceeds from the transaction of approximately $9.6 million.

The FBC team was led by Eran Yaniv (Picture), Sharon Rosen, Anat Shavit and Yuval Peled.

Involved fees earner: Yuval Peled – Fischer Behar Chen Well Orion & Co; Sharon Rosen – Fischer Behar Chen Well Orion & Co; Anat Shavit – Fischer Behar Chen Well Orion & Co; Eran Yaniv – Fischer Behar Chen Well Orion & Co;

Law Firms: Fischer Behar Chen Well Orion & Co;

Clients: Check-Cap Ltd.;

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Author: Michael Patrini.