Check-Cap (CHEK) Announces 5M Share Registered Direct Offering at $0.60/Sh

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Check-Cap Ltd. Announces $3.0 Million Registered Direct Offering

May 8, 2020 9:31 PM EDT

ISFIYA, Israel, May 8, 2020 /PRNewswire/ -- Check-Cap Ltd. (the "Company" or "Check-Cap") (NASDAQ: CHEK), (NASDAQ: CHEKZ), a clinical stage medical diagnostics company advancing the development of C-Scan®, the first and only preparation-free screening test to detect polyps before they transform into colorectal cancer, today announced that it has entered into definitive agreements with several institutional and accredited investors for the purchase and sale of 5,000,000 of the Company's ordinary shares, at a purchase price of $0.60 per share, in a registered direct offering. Check-Cap has also agreed to... More