Intercure raises $5M in share-and-warrant offering
Rhea-AI Filing Summary
Intercure Ltd. (INCR) reported that on August 12, 2026 it entered into a securities purchase agreement with several investors, including CEO and board chairman Alexander Rabinovich, for a private placement of 1,579,028 units, each comprising one ordinary share and one five-year warrant. Units were priced at $2.918, and each warrant is exercisable at $1.59 per share. The offering closed on August 25, 2026, with shareholder approval required solely for Mr. Rabinovich’s participation; he beneficially owns about 26% of outstanding ordinary shares. Gross proceeds to the company were $5 million, excluding Mr. Rabinovich’s expected participation of approximately $2 million. Intercure plans to use the proceeds for working capital and to rehabilitate the Nir Oz facility of its wholly owned subsidiary Canndoc Ltd. The securities were issued in a private, unregistered offering relying on Section 4(a)(2) and/or Regulation S exemptions.
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Filing Explained
The placement adds ordinary shares now and leaves one five-year warrant per unit as contingent capacity for further share issuance.
The filing reports that the private placement was completed on
The ordinary shares included for the other participants increase the total share count and reduce existing holders’ percentage ownership absent offsets, while the warrants are additional issuance capacity rather than shares issued today.
Each warrant can be exercised for one share at
Key Figures
Key Terms
securities purchase agreement financial
private placement financial
warrant financial
Section 4(a)(2) of the Securities Act regulatory
Rule 903 of Regulation S regulatory
forward-looking statements regulatory
FAQ
What type of financing did Intercure Ltd. (INCR) announce on this 6-K?
How much capital is Intercure Ltd. (INCR) raising in this private placement?
What are the pricing terms of the units and warrants in Intercure’s (INCR) offering?
How does CEO Alexander Rabinovich participate in Intercure Ltd. (INCR)’s offering?
How will Intercure Ltd. (INCR) use the proceeds from this private placement?
Are the securities in Intercure Ltd. (INCR)’s private placement registered with the SEC?
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