UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant
to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of report (Date of earliest event reported): January 15, 2025
Silexion Therapeutics Corp
(Exact name of registrant as specified in its charter)
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Cayman Islands
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001-42253
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N/A |
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(State or other jurisdiction
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(Commission File Number)
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(I.R.S. Employer
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of incorporation)
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Identification No.)
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12 Abba Hillel Road Ramat-Gan, Israel |
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5250606
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(Address of principal executive offices)
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(Zip Code)
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Check the appropriate box below if the Form 8-K is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Securities registered pursuant to Section 12(b) of the Act:
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Title of each class
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Trading Symbol(s)
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Name of each exchange on which
registered |
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Ordinary Shares, par value $0.0009 per share
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SLXN |
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The Nasdaq Stock Market LLC
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Warrants exercisable for Ordinary Shares at an exercise price of $103.50 per share
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SLXNW
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The Nasdaq Stock Market LLC
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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☒
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
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104
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Cover Page Interactive Data File (formatted in Inline XBRL)
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SILEXION THERAPEUTICS CORP
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Date: January 15, 2025
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/s/ Ilan Hadar
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Name:
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Ilan Hadar
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Title:
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Chief Executive Officer
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1. |
Amendment to Article II.
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(e) |
Upon the terms and subject to the conditions of this Agreement, during the Commitment Period, the Company may deliver an Accelerated Purchase Notice to the Investor, subject to satisfaction of the conditions set forth in Article VII and otherwise provided herein. The Company shall deliver the Purchase Notice Shares, not to exceed the Accelerated Purchase Notice Limit, unless waived by Investor,
underlying an Accelerated Purchase Notice as DWAC Shares to the Investor’s Designated Brokerage Account alongside the delivery of the Accelerated Purchase Notice. An Accelerated Purchase Notice shall be deemed delivered on the Business
Day that the Investor provides written consent of the acceptance of the Accelerated Purchase Notice (the “Accelerated Purchase
Notice Date”). If the Investor does not provide written consent within 15 minutes of the delivery of the Accelerated Purchase Notice, the applicable
Accelerated Purchase Notice shall be deemed void unless waived by both the Company and the Investor. Each party shall use its commercially reasonable efforts to perform or fulfill all conditions and obligations to be performed or
fulfilled by it under this Agreement so that the transactions contemplated hereby shall be consummated as soon as practicable. Each party also agrees that it shall use its commercially reasonable efforts to take, or cause to be taken, all
actions and to do, or cause to be done, all things necessary, proper or advisable under applicable laws and regulations to consummate and make effective Section 2.2 of this Agreement and the transactions contemplated herein. Investor
shall not consent to accept an Accelerated Purchase Notice received less than one and a half (1.5) hours prior to the close of trading on the Principal Market, unless waived by the Investor in writing.
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(f) |
The Closing of an Accelerated Purchase Notice shall occur one (1) Business Day
following the Accelerated Purchase Notice Date (the “Accelerated
Purchase Closing Date”); whereby the Investor shall deliver to the Company, by 5:00 p.m. New York time on the Accelerated Purchase Closing
Date, the Accelerated Purchase Investment Amount by wire transfer of immediately available funds to an account designated by the Company.
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a. |
“Accelerated Purchase Closing Date” shall have the meaning specified in Section 2.2(f).
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b. |
“Accelerated Purchase Investment Amount” shall mean the
applicable Purchase Notice Shares referenced in the Accelerated Purchase Notice multiplied by the applicable Accelerated Purchase Price.
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c. |
“Accelerated Purchase Notice” shall mean the closing of a purchase and sale of shares of Ordinary Shares as described in Section 2.2(e).
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d. |
“Accelerated Purchase Notice Date” shall have the meaning specified in Section 2.2(e).
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e. |
“Accelerated Purchase Notice Limit” shall mean five
percent (5%) of the Average Daily Trading Volume on the Accelerated Purchase Notice Date.
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f. |
“Accelerated Purchase Price” shall mean the product of
(i) lowest traded price of the Ordinary Shares during the Accelerated Valuation Period and (ii) ninety-nine percent (99%).
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g. |
“Accelerated Valuation Period” shall mean the two (2)
hour period following the Investor’s written confirmation of the acceptance of the applicable Accelerated Purchase Notice by Investor.
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i. |
“Purchase Notice” shall mean a written notice from
Company, substantially in the form of Exhibit A attached hereto (a “Rapid Purchase Notice Form”), Exhibit B attached hereto (a “Jumbo Purchase Notice Form”), or Exhibit E attached hereto (an “Accelerated Purchase Notice Form”) to the Investor and the Transfer Agent setting forth the Purchase Notice Shares which the Company
requires the Investor to purchase pursuant to the terms of this Agreement.
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3. |
Miscellaneous.
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(a) |
Except as modified by this Amendment, the Agreement continues in full force and effect in accordance with its terms.
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SILEXION THERAPEUTICS CORP |
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By: /s/ Mirit Horenshtein Hadar |
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Name: Mirit Horenshtein Hadar |
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Title: Chief Financial Officer |
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WHITE LION CAPITAL, LLC |
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By: /s/ Sam Yaffa |
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Name: Sam Yaffa |
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Title: Managing Partner |
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| SILEXION THERAPEUTICS CORP |
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