Check-Cap (CHEK) has released an update.
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Check-Cap Ltd. has made significant leadership changes by appointing Carlos Cheung as a new board director and David Benaim as the interim CFO, with a service agreement that includes a monthly fee and potential additional compensation. Additionally, the company has entered into financial agreements with Nobul AI Corp., including a $6.0 million loan and an $11.0 million commitment to fund growth initiatives, with specific terms contingent on the completion or termination of their Business Combination Agreement.
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