Check-Cap Issues Reminder to Shareholders Who Purchased Units in its Initial Public Offering Regarding Long Term Incentive Warrants
-- Shareholders Must Register their Ordinary Shares in their Own Names by No Later than June 24, 2015 --
ISFIYA, Israel, May 15, 2015 /PRNewswire/ -- Check-Cap Ltd. (Nasdaq: CHEK, CHEKW), a clinical stage medical diagnostics company engaged in the development of a preparation-free ingestible imaging capsule screening for colorectal cancer, reminds the holders of its ordinary shares who purchased units in its initial public offering that in order to be eligible to receive and exercise the Long Term Incentive Warrants that are to be issued to the purchasers of such units, they must register the ordinary shares underlying the units purchased by them in Check-Cap's initial public offering in their own names and not in "street name" by no later than June 24, 2015.
Any holder who fails to register the ordinary shares underlying the units purchased by such holder in Check-Cap's initial public offering by June 24, 2015 will not receive any Long Term Incentive Warrants. Holders of Long Term Incentive Warrants who currently hold ordinary shares underlying units purchased in Check-Cap's initial public offering in "street name" are urged to contact their brokers to initiate the process of registering these ordinary shares in their own names as soon as possible.
Check-Cap is a clinical stage medical diagnostics company focused on the development of gastrointestinal imaging devices. The Company's lead product is an endoscopy capsule with a colon imaging system for colorectal cancer and clinically-significant pre-cancerous polyps that utilizes proprietary, ultra-low-energy X-ray-based measurement technology to safely generate high-resolution, 3-dimensional imagery of the colon without cleansing or other aggressive bowel preparation. This solution is designed to increase compliance with screening recommendations. The Check-Cap imaging system is not cleared for marketing in any jurisdiction.
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Lazar Partners Ltd.
SOURCE Check-Cap Ltd.