CHEK - SYMETRYX OPPOSES CHEK CAP/KEYSTONE MERGER WILL EVALUATE OPTIONS TO STOP TRANSACTION | Benzinga
TORONTO, Sept. 21, 2023 /PRNewswire/ - Today, Symetryx Corporation ("Symetryx") announces that it has reviewed the filings between CHECK-CAP Ltd. ("Check-Cap") and Keystone Dental Holdings, Inc. ("Keystone Dental") and does not feel that this transaction is the best opportunity for shareholder value.
Further to our press release dated July 25, 2023, we have become concerned that Check-Cap has continued to burn through its cash on hand and has now entered into a vague and opaque Business Combination Agreement with Keystone Dental as described in their SEC filings on EDGAR on August 17, 2023.
Symetryx does not believe that a merger with Keystone Dental is in the best interest of Check-Cap shareholders, and we intend to strongly oppose this merger.
SPECIAL NOTE REGARDING THIS ANNOUCEMENT:
THIS ANNOUCEMENT CONTAINS OUR CURRENT VIEWS ON THE VALUE OF SECURITIES OF CHECK-CAP AND CERTAIN ACTIONS THAT ITS BOARD OF ...