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): September 11, 2025
Silexion Therapeutics Corp
(Exact name of registrant as specified in its charter)
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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+972-3-7564999
(Registrant’s telephone number, including area code)
N/A
(Former name or former address, if changed since last report)
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:
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 $0.0135 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 $1,552.50 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. ☐
Item 1.01. Entry Into a Material Definitive Agreement.
On September 11, 2025, Silexion Therapeutics Corp (the “Company” or “Silexion”) offered and sold in a public offering on a best efforts basis (the “Offering”), and on September 12, 2025, Silexion consummated the Offering with respect to, (i) 1,392,250 of the Company’s ordinary shares (the “Shares”), par value $0.0135 per share (“Ordinary
Shares”), (ii) 107,750 pre-funded warrants to purchase up to 107,750 Ordinary Shares (the “Pre-Funded Warrants”), (iii) 1,500,000 Series
A ordinary warrants, each to purchase one Ordinary Share (a “Series A Ordinary Warrant”) and (iv) 1,500,000 Series B ordinary warrants, each to
purchase one Ordinary Share (a “Series B Ordinary Warrant”, together with the Series A Ordinary Warrants, the “Ordinary Warrants” and together with the Pre-Funded Warrants, the “Warrants”),
at a purchase price of $4.00 per Share and accompanying Ordinary Warrants, and $3.9999 per Pre-Funded Warrant and accompanying Ordinary Warrants. Aggregate gross proceeds from the Offering (without taking into account any proceeds from any future
exercises of Warrants) were approximately $6.0 million.
The Pre-Funded Warrants are immediately exercisable at an exercise price of $0.0001 per Ordinary Share and will not expire
until exercised in full. The Series A Ordinary Warrants and Series B Ordinary Warrants have an exercise price of $4.00 per Ordinary Share, are immediately exercisable, and may be exercised until the five (5)-year anniversary and 12-month anniversary,
respectively, of the issuance date thereof.
A holder of the Warrants will not have the right to exercise any portion of its Pre-Funded Warrants or Ordinary Warrants
if the holder (together with such holder’s affiliates, and any persons acting as a group together with such holder or any of such holder’s affiliates or any other persons whose beneficial ownership of Ordinary Shares would be aggregated with the
holder’s or any of the holder’s affiliates), would beneficially own Ordinary Shares in excess of 4.99% (or, at the election of the holder, 9.99%) of the number of Ordinary Shares outstanding immediately after giving effect to such exercise.
Certain investors in the Offering entered into a definitive securities purchase agreement with the Company (the “Purchase Agreement”). The Purchase Agreement contains representations, warranties, indemnification and other provisions customary for transactions of this nature. Pursuant to the Purchase
Agreement, the Company agreed to abide by certain customary standstill restrictions for a period of sixty (60) days following the closing of the Offering. In addition, subject to limited exceptions, the Purchase Agreement provides that for a period
of one year following the closing of the Offering, the Company will not effect or enter into an agreement to effect a “variable rate transaction” as defined in the Purchase Agreement.
H.C. Wainwright & Co., LLC acted as the sole placement agent (the “Placement Agent”), on a “best efforts” basis, in connection with the Offering. On September 8, 2024, the Company and the Placement Agent had entered into a letter agreement with the
Company to serve as exclusive underwriter, agent or advisor in any offering of securities of the Company for a six-month term (the “Engagement Agreement”).
The Engagement Agreement has been extended twice since its initial effectiveness and currently runs through September 24, 2025. Under the Engagement Agreement, as extended, the Company paid the Placement Agent an aggregate cash fee equal to 7.0% of
the gross proceeds received by the Company in the Offering, as well as a management fee equal to 1.0% of the gross proceeds raised in the Offering. Pursuant to the Engagement Agreement, the Company also reimbursed the Placement Agent $25,000 for
non-accountable expenses and up to $100,000 for fees and expenses of legal counsel and other out-of-pocket expenses of the Placement Agent in connection with the Offering. Further pursuant to the Engagement Agreement, the Company issued to the
Placement Agent or its designees 105,000 warrants to purchase up to 105,000 Ordinary Shares, representing 7.0% of the sum of the Shares and Pre-Funded Warrants sold in the Offering (the “Placement Agent Warrants”). The Placement Agent Warrants have an exercise price of $5.00 per Ordinary Share (representing 125% of the public offering price per Share and accompanying Investor Warrant), are
exercisable for five years from the date of the commencement of sales in this offering, and otherwise reflect substantially the same terms as the Ordinary Warrants. The Engagement Agreement contains representations, warranties, indemnification and
other provisions customary for transactions of this nature.
The net proceeds to the Company from the Offering were approximately $5.2 million before deducting estimated offering
expenses payable by the Company. The Company intends to use the proceeds from the Offering to advance its pre-clinical and clinical studies, and for general corporate purposes.
The Offering was made pursuant to a registration statement on Form S-1 (File No. 333-290074), previously filed by the
Company with the Securities and Exchange Commission (the “SEC”) and declared effective by the SEC on September 11, 2025.
The foregoing descriptions of the Purchase Agreement, the Pre-Funded Warrants, the Ordinary Warrants and the Placement
Agent Warrants are not complete, and are qualified in their entireties by reference to the full text of such documents, copies of which are filed as exhibits to this Current Report on Form 8-K (a “Form
8-K”) and are incorporated by reference herein.
On September 11, 2025, the Company issued a press release announcing the pricing of the Offering. A copy of that press
release is filed as Exhibit 99.1 to this Form 8-K.
Notice Regarding Forward-Looking Statements
This Form 8-K contains forward-looking statements within the meaning of the federal securities laws. All statements
other than statements of historical fact contained in this report, including statements regarding the intended use of net proceeds from the Offering. Those forward-looking statements are generally identified by terminology such as “may”, “should”,
“could”, “might”, “plan”, “possible”, “project”, “strive”, “budget”, “forecast”, “expect”, “intend”, “will”, “estimate”, “anticipate”, “believe”, “predict”, “potential” or “continue”, or the negatives of these terms or variations of them or similar
terminology. Forward-looking statements involve a number of risks, uncertainties, and assumptions, and actual results or events may differ materially from those projected or implied in those statements. Important factors that could cause such
differences include, but are not limited to: (i) Silexion’s ability to successfully complete preclinical studies and initiate clinical trials; (ii) Silexion’s strategy, future operations, financial position, projected costs, prospects, and plans;
(iii) the impact of the regulatory environment and compliance complexities; (iv) expectations regarding future partnerships or other relationships with third parties; (v) Silexion’s future capital requirements and sources and uses of cash,
including its ability to obtain additional capital; (vi) Silexion's ability to maintain its Nasdaq listing; and (vii) other risks and uncertainties set forth in the documents filed by the Company with the SEC, including the final prospectus for the
Offering filed with the SEC on September 12, 2025. Silexion cautions you against placing undue reliance on forward-looking statements, which reflect current beliefs and are based on information currently available as of the date a forward-looking
statement is made. Forward-looking statements set forth herein speak only as of the date they are made. Silexion undertakes no obligation to revise forward-looking statements to reflect future events, changes in circumstances, or changes in
beliefs, except as otherwise required by law.
Item 9.01 Financial Statements and Exhibits
(d) Exhibits
Exhibit No.
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Description
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104
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Cover Page Interactive Data File (formatted in Inline XBRL)
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