Brief: Keystone Dental Holdings And Check-Cap Ltd Enter Into Definitive Business Combination Agreement

Mbody Ai

16/08/2023 22:19

Aug 16 (Reuters) - Check Cap Ltd  CHEK.O :
    * CHECK CAP LTD - KEYSTONE DENTAL SECURITY HOLDERS EXPECTED TO OWN ABOUT 85%
OF
COMBINED CO REPRESENTING EQUITY VALUATION OF $225 MILLION 
    * KEYSTONE DENTAL HOLDINGS AND CHECK-CAP LTD ENTER INTO DEFINITIVE BUSINESS
COMBINATION AGREEMENT
    * CHECK CAP LTD - COMBINED COMPANY WILL TRADE ON NASDAQ WITH TICKER "KSD"
    * CHECK CAP LTD - CHECK-CAP SECURITY HOLDERS ARE EXPECTED TO OWN
APPROXIMATELY 15%
OF COMBINED COMPANY
    * CHECK CAP - EXECUTIVE TEAM OF KEYSTONE DENTAL TO SERVE AS EXECUTIVE TEAM
OF
COMBINED CO, LED BY MELKER NILSSON, KEYSTONE'S CHIEF EXECUTIVE OFFICER

Source text for Eikon:  ID: 
Further company coverage:  CHEK.O 

 ((Reuters.Briefs@thomsonreuters.com;))