Check-Cap Ltd. Enters $30 Million Private Share Purchase Agreement
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Check-Cap Ltd. has entered a $30 million private share purchase agreement with ARC Group International Ltd. The agreement allows Check-Cap to direct the investor to buy up to $30 million of its ordinary shares, exempt from registration under the Securities Act. The proceeds will be used for working capital and general corporate purposes. A registration statement for resale is required, contingent on its effectiveness.
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