Symetryx issues open letter to Check-Cap shareholders ahead of upcoming AGM

Symetryx, a holder of 5.6% of Check-Cap Ltd. shares, issued the following open letter to shareholders. In the letter Symetryx cites, among other items, its serious concerns and reason for voting AGAINST the proposed transaction with Keystone Dental. Symetryx discusses its concerns around the actions of the Board in its evaluation and approval of the transaction, including the “highly questionable valuation” of Keystone Dental. Further, Symetryx urges all shareholders to support and vote FOR its five “highly qualified, experienced and independent director nominees who will bring accountability back to CHEK and find a more suitable merger partner. One that will not cause the alarmingly high level of dilution to the shareholders that the Keystone transaction, if approved, would entail.”