Intercure updates $4.71 unit, $7.07 warrant pricing
Intercure Ltd. (INCR) filed an amended report to correct the purchase price per unit and warrant exercise price in a previously disclosed private placement, so they properly reflect the company’s 1-for-5 reverse share split effective August 24, 2026.
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Rhea-AI Filing Summary
Intercure Ltd. (INCR) filed an amended report to correct the purchase price per unit and warrant exercise price in a previously disclosed private placement, so they properly reflect the company’s 1-for-5 reverse share split effective August 24, 2026. The company completed a private placement of 1,579,028 units, each consisting of one ordinary share and one five-year warrant to purchase one ordinary share, at $4.71 per unit. Each warrant is exercisable at $7.07 per share. The offering closed between August 12 and August 25, 2026. Participation by CEO and Chairman Alexander Rabinovich, who beneficially owns approximately 25% of the company’s ordinary shares, remains subject solely to shareholder approval; all other investors’ participation is not subject to such approval. Gross proceeds to the company were $5.3 million excluding Mr. Rabinovich’s portion, which is expected to be approximately $2.1 million. The company intends to use the proceeds for working capital and to rehabilitate the Nir Oz facility of wholly owned subsidiary Canndoc Ltd. The securities were issued in a private placement exempt from U.S. registration under Section 4(a)(2) of the Securities Act and/or Rule 903 of Regulation S.
Key Figures
Key Terms
private placement financial
warrant financial
Section 4(a)(2) of the Securities Act regulatory
Rule 903 of Regulation S regulatory
forward-looking statements regulatory
Stock Split
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Intercure Ltd. (INCR) correct in this Form 6-K/A amendment?
What are the key terms of Intercure Ltd. (INCR)’s private placement units?
How much capital did Intercure Ltd. (INCR) raise in the private placement?
How will Intercure Ltd. (INCR) use the proceeds from the offering?
Were Intercure Ltd. (INCR)’s private placement securities registered with the SEC?
AI-generated analysis. How Rhea-AI works. Not financial advice.