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[8-K] Silexion Therapeutics Corp Reports Material Event

Filing Impact
(High)
Filing Sentiment
(Neutral)
Form Type
8-K
Rhea-AI Filing Summary

Silexion Therapeutics (SLXN) filed an 8-K announcing a 1-for-15 reverse share split effective after the 28-Jul-25 close. Authorized capital stays US$20,000 but is now divided into 1,481,482 ordinary shares; par value rises to US$0.0135. All issued and outstanding shares are reduced proportionally and will begin trading on a split-adjusted basis under the same ticker at the 29-Jul-25 open. The new ordinary-share CUSIP is G1281K 130.

The company simultaneously delivered a Warrant Adjustment Notice. Each pre-split warrant is now exercisable for 1/15th of a share, and the exercise price is lifted 15× to US$1,552.50 per post-split share. Fractional entitlements will be rounded up at the broker (DTC participant) level. Warrant CUSIP (G1281K 114) and ticker (SLXNW) are unchanged.

The split was approved at the 14-Jul-25 AGM and effected through an amendment to the Amended & Restated Memorandum of Association, filed 28-Jul-25. Items 3.03 and 5.03 detail the warrant modifications and charter amendment, while Item 8.01 incorporates these events by reference.

Positive
  • Maintains Nasdaq compliance by boosting per-share price above minimum listing threshold.
  • Dilution risk reduced as warrant strike price rises to US$1,552.50, making exercise unlikely near term.
Negative
  • Reverse split stigma may be perceived as a signal of weak share performance or financial distress.
  • Higher nominal share price can reduce liquidity, potentially widening bid-ask spreads for investors.

Insights

TL;DR: Reverse split reduces share count 15×, adjusts warrants; aids Nasdaq compliance but signals underlying price weakness.

The 1-for-15 reverse split should immediately lift SLXN’s per-share price, helping the company avoid delisting risk on Nasdaq. Economics are neutral because ownership percentages remain unchanged and warrant terms are mechanically adjusted. However, reverse splits are often viewed as a negative signal that management could not organically support the share price. The extremely high post-split warrant strike (US$1,552.50) effectively removes near-term dilution pressure, which can be modestly positive for existing shareholders but also limits a low-cost capital source. No financial performance data were disclosed, so valuation impact hinges on future trading dynamics rather than fundamentals.

TL;DR: Charter amended; mechanics appear procedurally sound and shareholder-approved, limiting legal or governance risk.

The board executed the shareholder-approved split via a timely filing with the Cayman registry, demonstrating adherence to corporate procedure. Rounding up fractional shares reduces administrative complexity and potential shareholder complaints. Continuity of tickers and warrant CUSIPs minimizes market confusion. From a governance standpoint, disclosure is complete—exhibits include both the Memorandum Amendment and Warrant Notice—mitigating litigation exposure. Impact to governance profile is neutral.



UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 8-K

 

CURRENT REPORT

 

Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934

 

Date of report (Date of earliest event reported): July 29, 2025 (July 28, 2025)

Silexion Therapeutics Corp
(Exact name of registrant as specified in its charter)

Cayman Islands
 
001-42253
 
N/A
(State or other jurisdiction
 
(Commission File Number)
 
(I.R.S. Employer
of incorporation)
 

 
Identification No.)

 

12 Abba Hillel Road

Ramat-Gan, Israel

 
5250606
(Address of principal executive offices)
 
(Zip Code)

+972-3-7564999
(Registrant’s telephone number, including area code)

N/A
(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 


Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 


Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 


Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 


Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

Securities registered pursuant to Section 12(b) of the Act:

 

Title of each class
 
Trading Symbol(s)
 
Name of each exchange on which registered
Ordinary Shares, par value $0.0135 per share
 
SLXN
 
The Nasdaq Stock Market LLC
Warrants exercisable for Ordinary Shares at an exercise price of $1,552.50 per share
 
SLXNW
 
The Nasdaq Stock Market LLC


Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

 

Emerging growth company

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.




Item 3.03
Material Modification to Rights of Security Holders.

In connection with the 1-for-15 reverse share split of all of its issued and outstanding, and authorized but unissued, ordinary shares (the “Reverse Share Split”) described in Item 5.03 below, on July 29, 2025, Silexion Therapeutics Corp (the “Company”) issued a notice (the “Warrant Adjustment Notice”) to holders of its warrants to purchase ordinary shares (the “Warrants”). In the Warrant Adjustment Notice, the Company notified Warrant holders that the Company has made the following adjustments to its outstanding Warrants, effective after the close of trading on July 28, 2025, as reflected in the Warrants upon the open of trading on July 29, 2025:
 
The number of ordinary shares issuable upon the exercise of each pre-Reverse Share Split Warrant to purchase one ordinary share will decrease proportionately to the Reverse Share Split ratio, resulting in each such Warrant being exercisable for 1/15th of an ordinary share following the Reverse Share Split; and
 
The exercise price of each post-Reverse Share Split Warrant to purchase one whole post-Reverse Share Split ordinary share will be proportionately increased fifteen-fold (relative to a pre-Reverse Share Split Warrant to purchase one pre-Reverse Share Split ordinary share), to $1,552.50 per post-Reverse Share Split ordinary share.
The Warrant Adjustment Notice was provided by the Company pursuant to the terms of the Warrant Agreement, dated February 19, 2021 (the “Warrant Agreement”), by and between Moringa Acquisition Corp, a Cayman Islands exempted company (“Moringa”) and Continental Stock Transfer & Trust Company, as warrant agent (the “Warrant Agent”).  Moringa’s rights and obligations under the Warrant Agreement were assigned to, and assumed by, the Company pursuant to that certain Assignment, Assumption and Amendment Agreement, dated as of August 15, 2024, by and among Moringa, the Company and the Warrant Agent as part of the business combination transactions that were completed on August 15, 2024.
 
The Company will not issue fractional shares upon exercise of Warrants to purchase fractional shares following the Reverse Share Split, as any such fractional shares issuable under a Warrant will be rounded up (on the level of brokers that are DTC participants) to the nearest whole number of ordinary shares. Issuance of that rounded number of ordinary shares will be subject to payment of the full exercise price for that whole number of underlying ordinary shares.
 
The CUSIP number for the Warrants will remain G1281K 114 and the trading symbol for the Warrants will continue to be “SLXNW” even following the foregoing adjustments to the Warrants.
 
A copy of the Warrant Adjustment Notice is filed as Exhibit 4.1 hereto, and is incorporated herein by reference.
 
Item 5.03
Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year.

As previously reported by the Company, at the reconvened 2025 Annual General Meeting of the Company held on July 14, 2025, the Company’s shareholders approved the Reverse Share Split (as described in Item 3.03 above).

On July 28, 2025, the Company’s Board of Directors, acting pursuant to that approval by the Company’s shareholders, effected the Reverse Share Split following the close of trading on the Nasdaq Capital Market  through the filing of a certificate with the Companies Registry of the Cayman Islands that served as an effective amendment to the Company’s Amended and Restated Memorandum of Association (the “Memorandum Amendment”). As a result of that filing, the authorized share capital of the Company remains at $20,000, now consisting of 1,481,482 ordinary shares, and the par value of the ordinary shares has increased from $0.0009 per share to $0.0135 per share. In addition, the number of issued and outstanding ordinary shares has decreased at a ratio of 1-for-15.


The Reverse Share Split became effective after the close of business on July 28, 2025, and the Company’s ordinary shares will begin trading on a Reverse Share Split-adjusted basis on the Nasdaq Capital Market under the existing ticker symbol “SLXN” at the market open on July 29, 2025. After the Reverse Share Split, the trading symbol for the Company’s ordinary shares will continue to be “SLXN.” The new CUSIP number for the Company’s ordinary shares is G1281K 130.

The above description of the Memorandum Amendment and the Reverse Share Split is a summary of the material terms thereof and is qualified in its entirety by reference to the Memorandum Amendment, a copy of which is attached as Exhibit 3.1 hereto, as filed with the Companies Registry of the Cayman Islands on July 28, 2025.

Item 8.01
Other Events.
 
The information set forth in Items 3.03 and 5.03 is hereby incorporated by reference into this Item
 
Item 9.01
Financial Statements and Exhibits
 
(d) Exhibits
     
3.1

Memorandum Amendment, dated July 28, 2025.
     
4.1
 
Warrant Adjustment Notice, dated July 29, 2025.



SIGNATURE
 
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 hereunto duly authorized.
 
 
SILEXION THERAPEUTICS CORP
 
 
Date: July 29, 2025
/s/ Ilan Hadar
 
Name:
Ilan Hadar
 
Title:
Chief Executive Officer
 

FAQ

Why did Silexion Therapeutics (SLXN) implement a 1-for-15 reverse split?

To consolidate shares, lift the market price and maintain Nasdaq Capital Market listing eligibility.

When will SLXN trade on a split-adjusted basis?

Trading on a reverse-split basis begins at market open on July 29 2025.

How were SLXN warrants affected by the reverse split?

Each warrant now represents 1/15th of an ordinary share and carries a US$1,552.50 exercise price.

Did the ticker or CUSIP numbers change after the split?

Ordinary-share CUSIP changed to G1281K 130; tickers SLXN and SLXNW and warrant CUSIP G1281K 114 remain unchanged.

Will fractional shares be issued on warrant exercise?

No. Fractional shares will be rounded up to the nearest whole share, subject to full exercise-price payment.
Silexion Therapeutics Corp

NASDAQ:SLXN

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Biotechnology
Biological Products, (no Disgnostic Substances)
Link
Israel
RAMAT GAN