Check-Cap Founder Strongly Recommends Voting Against The Keystone Dental Merger And For The Symetryx Board Of Directors Nominees
Portfolio Pulse from Benzinga Newsdesk
Yoav Kimchy, founder and former CTO of Check-Cap Ltd. (NASDAQ:CHEK), has issued an open letter urging shareholders to vote against the merger with Keystone Dental and in favor of the Symetryx Board of Directors nominees. Symetryx continues to advocate for voting against the Keystone Dental transaction, arguing it undervalues Check-Cap's intellectual property and does not maximize shareholder value. Symetryx has hired Mackenzie Partners, Inc. as an advisor and encourages shareholders to contact them for more information.
December 05, 2023 | 8:56 pm
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Check-Cap Ltd. is at the center of a dispute over its proposed merger with Keystone Dental. The company's founder and Symetryx are urging shareholders to vote against the merger, suggesting it undervalues the company's assets.
The opposition to the merger by the company's founder and Symetryx, who are advocating for a vote against the transaction, could lead to uncertainty among investors and negatively impact CHEK's stock price in the short term.
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