Check-Cap Security Holders To Own 15% And Keystone Dental Security Holders To Own 85% Of Combined Company
Portfolio Pulse from Benzinga Newsdesk
Check-Cap security holders and Keystone Dental security holders are expected to own 15% and 85% of the combined company respectively. The equity valuations for Check-Cap and Keystone Dental are $39.7 million and $225 million respectively.
August 16, 2023 | 9:13 pm
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Check-Cap security holders are expected to own 15% of the combined company, representing an equity valuation of $39.7 million.
The news indicates a significant change in ownership structure for Check-Cap, but it does not provide clear indications of whether this will have a positive or negative impact on the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100