450,000 SLXN shares issued to Moringa Sponsor, LP in note conversion
Rhea-AI Filing Summary
Silexion Therapeutics Corp insider entities led by Ilan Levin and Moringa Sponsor, LP reported several share and warrant changes. On August 7, 2025, Moringa Sponsor, LP made a pro rata distribution of 5,550 ordinary shares and 935 warrants to its limited partners for no consideration, leaving 6,970 ordinary shares and 372 warrants indirectly held through that entity. On September 15, 2025, Moringa Sponsor, LP received 450,000 ordinary shares upon conversion of $1,800,000 of principal under a convertible promissory note at $4.00 per share, an issuance approved by the board.
The reporting persons state they dispute the validity of this 450,000-share issuance and do not concede beneficial ownership of those shares. The filing also notes 1-for-9 and 1-for-15 reverse share splits that reduced reported share and warrant counts, and includes 1,482 ordinary shares held via Greenstar, L.P. for informational purposes.
Positive
- None.
Negative
- None.
Insights
Large insider-related share issuance via note conversion with disputed validity.
The filing shows Moringa Sponsor, LP, a 10% owner of Silexion Therapeutics Corp, converting
Ilan Levin controls Moringa Partners Ltd., the general partner of both Moringa Sponsor, LP and Greenstar, L.P., giving him sole voting and investment authority over these securities while he disclaims beneficial ownership beyond his indirect pecuniary interest. The reporting persons expressly state they dispute the validity of the 450,000-share issuance and do not concede beneficial ownership of those shares, so the practical impact depends on how that dispute is resolved. Reverse splits of
Subsequent company disclosures may clarify the treatment of the disputed 450,000 shares and any further changes in holdings by Moringa Sponsor, LP or Greenstar, L.P. as Ilan Levin remains both a director and a 10% owner for reporting purposes.