Silex Systems Ltd.

Silex Microsystems’ share briefly jumped to 210 SEK on its first trading day, about 160% above the issue price of 81 SEK, and later traded at 154.50 SEK (almost +91% versus the issue price). Market capitalization is around 16.5 billion SEK (roughly €1.5 billion). Through the IPO, Silex together with Chinese shareholder Sai MicroElectronics raised about 2 billion SEK (€185 million), funds intended for expansion and the purchase of manufacturing equipment in the U.S. Sai MicroElectronics remains slightly under 10% owned, which is seen as a potential risk for the U.S. expansion. » Więcej na finanzen.net

Shareholders of Silexion Therapeutics Corp approved an amendment to increase the company’s authorized share capital at a reconvened extraordinary general meeting. The authorized capital was raised from USD 20,000 (1,481,482 common shares) to USD 121,500 (9,000,000 common shares); the amendment was filed with the Cayman Islands registrar, took effect immediately, and the common shares are listed on Nasdaq. » Więcej na de.investing.com

Shares of Silexion Therapeutics Corp fell 22.4% in premarket trading after the company announced a binding agreement for the immediate exercise of certain warrants at a reduced price. The transaction will generate approximately $1.8 million in gross proceeds for Silexion and includes the issuance of new warrants, which can only be exercised after shareholder approval. The proceeds are intended to be used as working capital for general corporate purposes. » Więcej na de.investing.com