Check-Cap Ltd. (CHEK) has released an update.
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Check-Cap Ltd., an Israeli company, has entered into a business combination agreement with Nobul AI Corp., with plans for a merger that would result in Check-Cap becoming a direct, wholly owned subsidiary of Nobul. Shareholders of Check-Cap have agreed to vote in favor of this merger at the upcoming Extraordinary General Meeting on April 25, 2024, and to adhere to certain standstill provisions during the interim period. These provisions restrict shareholders from engaging in activities that could affect the merger’s completion or influence the company’s control.
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