Keystone Dental Holdings Signed a Definitive Business Combination Agreement with Check-Cap Ltd and Provides Solutions for Tooth Replacement Procedures
Shots:
- The business combination agreement provides a Check-Cap’s net cash target of $22.3M at the closing of the transaction representing a $17.4M premium. The transaction is expected to close in Q4’23
- The combined company will trade on the NASDAQ under the symbol “KSD”. Check-Cap security holders are expected to own ~15% of the combined company representing an equity valuation of $39.7M while Keystone Dental security holders are expected to own ~ 85% representing an equity valuation of $225M
- The business combination focused on advancing the commercial execution and market development of Keystone’s comprehensive portfolio of implants, arches, and other tooth replacement solutions
Ref: Globenewswire | Image: Keystone Dental Holdings
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Neha is a Senior Editor at PharmaShots. She is passionate and very enthusiastic about recent updates and developments in the life sciences and pharma industry. She covers Biopharma, MedTech, and Digital health segments along with different reports at PharmaShots. She can be contacted at connect@pharmashots.com.
