STOCK TITAN

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.

(Neutral)
(Neutral)
Form Type
6-K/A

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.

Positive

  • None.

Negative

  • None.
Units offered 1,579,028 units Private placement of units completed between August 12 and August 25, 2026
Purchase price per unit $4.71 per unit Corrected to reflect 1-for-5 reverse share split
Warrant exercise price $7.07 per Ordinary Share Each warrant exercisable for five years from issuance
Gross proceeds (excluding CEO) $5.3 million Proceeds to Intercure from the offering, excluding Mr. Rabinovich’s participation
Expected CEO participation $2.1 million Expected proceeds from Alexander Rabinovich’s investment, subject to shareholder approval
CEO beneficial ownership Approximately 25% of outstanding Ordinary Shares Ownership stake of Alexander Rabinovich prior to or in connection with the offering
Reverse share split ratio 1-for-5 reverse share split Reverse share split effective on August 24, 2026, affecting unit and warrant pricing
Warrant term Five years Each warrant is exercisable for five years from the date of issuance
reverse share split financial
"without accurately giving effect to the Company’s 1-for-5 reverse share split"
A reverse share split is when a company reduces the number of its shares outstanding by combining multiple shares into one, effectively increasing the price of each share. For investors, this can help improve the company's image or meet stock exchange listing requirements, but it does not change the total value of their investment. It’s similar to turning many small pieces of a puzzle into fewer larger pieces—nothing new is added or lost, just rearranged.
private placement financial
"relating to a private placement offering (the “Offering”) of 1,579,028 units"
A private placement is a sale of securities directly to a selected group of investors, typically institutions or accredited investors, instead of through a public offering. It lets a company raise money faster and with fewer regulatory steps; for existing shareholders it matters because the newly issued shares, often sold at a discount, increase the share count and can dilute their ownership.
warrant financial
"each consisting of one ordinary share ... and one warrant to purchase one Ordinary Share"
A warrant is a time-limited financial contract that gives its holder the right to buy a company's shares at a set price before a specified date, like a coupon that lets you purchase stock at a fixed discount for a limited time. It matters to investors because warrants offer leveraged exposure to a stock’s upside and can dilute existing shareholders if exercised, so they affect potential gains and the company’s outstanding share count.
Section 4(a)(2) of the Securities Act regulatory
"exempt from the registration requirements ... pursuant to Section 4(a)(2) of the Securities Act"
A legal exemption that allows a company to sell securities directly to a limited group of buyers without registering the offering with the Securities and Exchange Commission. Think of it like a private sale among known parties rather than a public auction: it can speed fundraising and reduce disclosure requirements, but it also means less public information, lower liquidity and resale restrictions—factors investors should consider when weighing risk and exit options.
Rule 903 of Regulation S regulatory
"and/or Rule 903 of Regulation S promulgated thereunder"
forward-looking statements regulatory
"contains expressed or implied forward-looking statements pursuant to U.S. Federal securities laws"
Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.

FAQ

What did Intercure Ltd. (INCR) correct in this Form 6-K/A amendment?

Intercure Ltd. corrected the reported purchase price per unit and warrant exercise price from an earlier report so they accurately reflect the company’s 1-for-5 reverse share split that became effective on August 24, 2026. No other aspects of the original disclosure were changed.

What are the key terms of Intercure Ltd. (INCR)’s private placement units?

Intercure issued 1,579,028 units, each consisting of one ordinary share and one warrant to purchase one ordinary share, at a purchase price of $4.71 per unit. Each warrant is exercisable for five years at an exercise price of $7.07 per ordinary share.

How much capital did Intercure Ltd. (INCR) raise in the private placement?

Intercure reports gross proceeds of $5.3 million from the private placement, excluding the participation of CEO Alexander Rabinovich. His expected investment is approximately $2.1 million, which remains subject to shareholder approval.

How will Intercure Ltd. (INCR) use the proceeds from the offering?

Intercure intends to use the offering proceeds for working capital and to rehabilitate the Nir Oz facility of its wholly owned subsidiary, Canndoc Ltd. This use of proceeds is described as part of the completed private placement transaction.

What shareholder approval is required for Intercure Ltd. (INCR)’s offering?

Shareholder approval is required solely for the participation of CEO and Chairman Alexander Rabinovich, who beneficially owns about 25% of Intercure’s outstanding ordinary shares. The participation of all other investors in the offering is not subject to shareholder approval.

Were Intercure Ltd. (INCR)’s private placement securities registered with the SEC?

No. The securities were issued in a private placement exempt from registration under the Securities Act, relying on Section 4(a)(2) and/or Rule 903 of Regulation S. They have not been registered and may not be sold in the United States absent registration or an applicable exemption.

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

Form 6-K/A

 

Report of Foreign Private Issuer

Pursuant to Rule 13a-16 or 15d-16

under the Securities Exchange Act of 1934

 

For the month of August 2026 (Report No. 4)

 

Commission File Number: 001-40614

 

INTERCURE LTD.

(Translation of registrant’s name into English)

 

85 Medinat ha-Yehudim Street

Herzliya, 4676670, Israel

Tel: +972 77 460 5012

(Address of principal executive offices)

 

Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.

 

Form 20-F ☒ Form 40-F ☐

 

 

 

 

 

 

This Amendment No. 1 on Form 6-K/A (this “Amendment”) amends the Report of Foreign Private Issuer on Form 6-K furnished by InterCure Ltd. (the “Company”) to Securities and Exchange Commission on August 26, 2026 (the “Original Form 6-K”). The Original Form 6-K inadvertently reported the purchase price per Unit and the exercise price per Ordinary Share underlying the Warrants without accurately giving effect to the Company’s 1-for-5 reverse share split, which became effective on August 24, 2026. This Amendment corrects those amounts. Except as expressly set forth herein, this Amendment does not amend, update or otherwise modify the Original Form 6-K.

 

As previously disclosed in the Company’s Report of Foreign Private Issuer on Form 6-K furnished on June 22, 2026, the Company entered into a binding term sheet with certain investors relating to a private placement. Subsequently, between August 12, 2026 and August 25, 2026, the Company entered into a securities purchase agreement (the “Securities Purchase Agreement”) with certain investors, including Mr. Alexander Rabinovich, the Company’s Chief Executive Officer and Chairman of the board of directors, relating to a private placement offering (the “Offering”) of 1,579,028 units, each consisting of one ordinary share, no par value, of the Company (an “Ordinary Share”) and one warrant to purchase one Ordinary Share (a “Warrant”), at a purchase price of $4.71 per unit. Each Warrant is exercisable for a period of five years from the date of issuance at an exercise price of $7.07 per Ordinary Share.

 

The Offering was completed between August 12, 2026 and August 25, 2026; provided, however, that shareholder approval is required solely with respect to the participation of Mr. Rabinovich, who is also the beneficial owner of approximately 25% of the Company’s outstanding Ordinary Shares, in the Offering. The participation of all other investors in the Offering was not subject to shareholder approval.

  

The gross proceeds to the Company from the Offering were $5.3 million, not including the proceeds from Mr. Rabinovich, which are expected to be approximately $2.1 million. The Company intends to use the proceeds from the Offering for working capital purposes and to rehabilitate the Nir Oz facility of its wholly owned subsidiary, Canndoc Ltd.

 

The securities issued with respect to the Offering were exempt from the registration requirements of the Securities Act of 1933, as amended (the “Securities Act”), pursuant to Section 4(a)(2) of the Securities Act and/or Rule 903 of Regulation S promulgated thereunder. The securities have not been registered under the Securities Act and may not be sold in the United States absent registration or an exemption from registration.

 

This Report of Foreign Private Issuer on Form 6-K shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

 

The foregoing descriptions of the Securities Purchase Agreement and the Warrants are qualified in their entirety by reference to the full text of the forms of the Securities Purchase Agreement and Warrant, copies of which are filed as Exhibits 10.1 and 4.1, respectively.

 

Safe Harbor Statement

 

This Report of Foreign Private Issuer on Form 6-K contains expressed or implied forward-looking statements pursuant to U.S. Federal securities laws. For example, the Company is using forward-looking statements when discussing the receipt of shareholder approval, and the use of the proceeds from the Offering. These forward-looking statements and their implications are based on the current expectations of the management of the Company only and are subject to a number of factors and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. Except as otherwise required by law, the Company undertakes no obligation to publicly release any revisions to these forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. More detailed information about the risks and uncertainties affecting the Company is contained under the heading “Risk Factors” in the Company’s annual report on Form 20-F for the year ended December 31, 2025 filed with the Securities and Exchange Commission (the “SEC”), which is available on the SEC’s website, www.sec.gov, and in subsequent filings made by the Company with the SEC.

 

Exhibit No.    
4.1   Form of Warrant
10.1   Form of Securities Purchase Agreement

 

 

 

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

  INTERCURE LTD.
   
Date: August 27, 2026 /s/ Amos Cohen
  Amos Cohen
  Chief Financial Officer

 

 

 

Filing Exhibits & Attachments

2 documents

Agreements & Contracts

Other Documents