TORONTO, Sept. 21,
2023 /PRNewswire/ - Today, Symetryx Corporation
("Symetryx") announces that it has reviewed the filings between
CHECK-CAP Ltd. ("Check-Cap") and Keystone Dental Holdings, Inc.
("Keystone Dental") and does not feel that this transaction is the
best opportunity for shareholder value.
Further to our press release dated July
25, 2023, we have become concerned that Check-Cap has
continued to burn through its cash on hand and has now entered into
a vague and opaque Business Combination Agreement with Keystone
Dental as described in their SEC filings on EDGAR on August 17, 2023.
Symetryx does not believe that a merger with Keystone
Dental is in the best interest of Check-Cap shareholders, and we
intend to strongly oppose this merger.
SPECIAL NOTE REGARDING THIS ANNOUCEMENT:
THIS ANNOUCEMENT CONTAINS OUR CURRENT VIEWS ON THE VALUE OF
SECURITIES OF CHECK-CAP AND CERTAIN ACTIONS THAT ITS BOARD OF
DIRECTORS MIGHT TAKE TO ENHANCE THE VALUE OF ITS COMMON STOCK. OUR
VIEWS ARE BASED ON OUR OWN ANALYSES OF PUBLICLY AVAILABLE
INFORMATION AND ASSUMPTIONS WE BELIEVE TO BE REASONABLE. THERE CAN
BE NO ASSURANCE THAT THE INFORMATION WE CONSIDERED AND ANALYZED IS
ACCURATE OR COMPLETE. SIMILARLY, THERE CAN BE NO ASSURANCE THAT OUR
ASSUMPTIONS ARE CORRECT. THE ACTUAL PERFORMANCE AND RESULTS OF
CHECK-CAP MAY DIFFER MATERIALLY FROM OUR ASSUMPTIONS AND
ANALYSES.
THIS ANNOUNCEMENT ALSO REFERENCES THE SIZE OF SYMETRYX'S CURRENT
HOLDINGS OF CHECK-CAP. SYMETRYX'S VIEWS AND OUR HOLDINGS COULD
CHANGE AT ANY TIME. WE MAY TAKE ANY OF THESE OR OTHER ACTIONS
REGARDING CHECK-CAP WITHOUT UPDATING THIS ANNOUNCEMENT OR PROVIDING
ANY NOTICE WHATSOEVER OF ANY SUCH CHANGES (EXCEPT AS OTHERWISE
REQUIRED BY LAW). WE MAY SELL SOME OR ALL OF OUR CHECK-CAP SHARES
AT ANY TIME WITHOUT NOTICE.
FORWARD-LOOKING STATEMENTS:
Certain statements contained in this announcement are
forward-looking statements including, but not limited to,
statements that are predications of or indicate future events,
trends, plans or objectives. Undue reliance should not be placed on
such statements because, by their nature, they are subject to known
and unknown risks and uncertainties. Due to such risks and
uncertainties, actual events or results or actual performance may
differ materially from those reflected or contemplated in such
forward-looking statements. Forward-looking statements can be
identified by the use of the future tense or other forward-looking
words such as "believe," "might, "expect," "anticipate," "intend,"
"plan," "estimate," "should," "could," "may," "will," "objective,"
"projection," "forecast," "continue," "strategy," "position" or the
negative of those terms or other variations of them or by any
comparable terminology.
Important factors that could cause actual results to differ
materially from the expectations set forth in this announcement
include, among other things, the factors identified in the public
filings of Check-Cap and other information generally available in
the market. Such forward-looking statements should therefore be
construed considering such factors, and Symetryx is under no
obligation, and expressly disclaims any intention or obligation, to
update or revise any forward-looking statements, whether as a
result of new information, future events or otherwise, except as
required by law.
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SOURCE Symetryx Corp
