Connect with us

Hi, what are you looking for?

Jewish Business News

IPOs

Israeli Cancer Detection Check-Cap Looking to Raises $24 Million in Nasdaq IPO

Check-Cap

Check-Cap Ltd., a clinical stage medical diagnostics company engaged in the development of a preparation-free ingestible imaging capsule that utilizes low-dose X-rays for the screening for colorectal cancer, announced the pricing of its initial public offering of 2, 000, 000 units at a price to the public of $6.00 per unit and that it expects to raise aggregate gross proceeds of approximately $12 million in its initial public offering and $12 million in a simultaneous private placement of the same securities, before deducting underwriting discounts, placement agent commissions, and other estimated offering expenses.

Check-Cap has granted the underwriters a 45-day option to purchase up to an additional 300, 000 units, each consisting of one ordinary share and one-half of a Series A Warrant (to be issued together with up to an additional 450, 000 Long Term Incentive Warrants), at the initial public offering price per unit, less the underwriting discount, solely to cover over-allotments, if any.

Please help us out :
Will you offer us a hand? Every gift, regardless of size, fuels our future.
Your critical contribution enables us to maintain our independence from shareholders or wealthy owners, allowing us to keep up reporting without bias. It means we can continue to make Jewish Business News available to everyone.
You can support us for as little as $1 via PayPal at [email protected].
Thank you.

Chardan Capital Markets, LLC and Maxim Group LLC are acting as joint book-running managers for the public offering. Feltl and Company is acting as a co-manager for the public offering.

Newsletter



Advertisement

You May Also Like

World News

In the 15th Nov 2015 edition of Israel’s good news, the highlights include:   ·         A new Israeli treatment brings hope to relapsed leukemia...

Life-Style Health

Medint’s medical researchers provide data-driven insights to help patients make decisions; It is affordable- hundreds rather than thousands of dollars

Entertainment

The Movie The Professional is what made Natalie Portman a Lolita.

Travel

After two decades without a rating system in Israel, at the end of 2012 an international tender for hotel rating was published.  Invited to place bids...