Check-Cap gains on reverse stock split plans

Mbody Ai

23/11/2022 15:13

** U.S.-listed shares of Israel-based biotech firm Check Cap
Ltd  CHEK.O  rise 1.9% to 24 cents
    ** Co announces to effect a 1-for-20 reverse stock split of
the co's common stock, in a regulatory filing
    ** QLGN shares to begin trading on split-adjusted basis at
Nasdaq on Friday after implementation of the reverse split 
    ** After the split, co's authorized share capital will
comprise 18 mln ordinary shares and nearly 5.8 mln ordinary
shares shall be issued and outstanding 
    ** Including session moves, CHEK down 64.5% YTD
 (Reporting by Pratik Jain)
 ((Pratik.Jain@thomsonreuters.com;))