Check-Cap closes USD 10 million follow-on offering at USD 6.5 per share

Reuters2026/08/28 12:44

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Check-Cap closed a firm-commitment underwritten public offering of 1,538,462 ordinary shares at USD 6.5 each.
Gross proceeds were about USD 10 million, excluding underwriting discounts, commissions, and expenses.
Underwriter received a 30-day option to buy up to 230,769 additional ordinary shares at the offering price.
Net proceeds earmarked for additional robot deployments with enterprise customers, working capital, and general corporate purposes.
Ordinary shares outstanding total about 15,293,552, excluding any shares from the underwriter option.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Check-Cap Ltd. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001213900-26-094677), on August 28, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Check-Cap closes USD 10 million follow-on offering at USD 6.5 per share

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