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.
For further insights into CHEK stock, check out TipRanks’ Stock Analysis page.