Check-Cap closes USD 10 million follow-on offering at USD 6.5 per share
CHEK•Share count
Ordinary shares outstanding total about 15,293,552, excluding any shares from the underwriter option.
Follow-on offering closed
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 option and use of proceeds
The underwriter received a 30-day option to buy up to 230,769 additional ordinary shares at the offering price.
Net proceeds are earmarked for additional robot deployments with enterprise customers, working capital, and general corporate purposes.
