Symetryx Corporation signed a non-binding proposal to acquire the remaining 94.4% stake in Check-Cap Ltd. (NasdaqCM:CHEK) on July 18, 2023. The offer per share is $4.35 in cash. Symetryx non-binding proposal is contingent upon a number of conditions. These include, among others, immediate engagement by the Check Board of Directors (the "Check Board"), completion of satisfactory due diligence, obtaining satisfactory financing arrangements, entering a satisfactory purchase and sale agreement, filing and completion of all regulatory matters related to our non-binding proposal and approval of Check shareholders. As of July 25, 2023, Symetryx revised its non-binding proposal to pay $4.60 per Check common share in cash. As of September 21, 2023, Symetryx Corporation opposes the merger between Check-Cap Ltd. and Keystone Dental Holdings Inc., citing concerns over Check-Cap's cash flow and the ambiguous Business Combination Agreement. They believe this merger is not in the best interest of Check-Cap shareholders. As of December 8, 2023, Symetryx continues to urge its fellow Check-Cap Ltd. shareholders to VOTE AGAINST the Keystone Dental and FOR the Symetryx. As on December 18, 2023, The planned merger has been rejected by the Check Cap shareholders.

Fischer, Behar, Chen, Well, Orion acted as legal counsel to Check-Cap. Mackenzie Partners, Inc acted as Financial advisor to Symetryx.