EquityLine Files Amendment for Check-Cap Ltd.

TL;DR

EquityLine just updated their Check-Cap stake filing. Watch this space.

AI Summary

EquityLine Alternate Assets GP Inc. filed an amendment (No. 1) to its Schedule 13D on April 8, 2024, regarding Check-Cap Ltd. The filing indicates a change in beneficial ownership of Check-Cap Ltd.'s ordinary shares, with EquityLine Alternate Assets GP Inc. being the filer. The specific details of the change in ownership, including the number of shares and percentage, are not detailed in this excerpt.

Why It Matters

This filing signals a potential shift in control or significant stakeholding in Check-Cap Ltd., which could impact the company's stock price and strategic direction.

Risk Assessment

Risk Level: medium — Changes in beneficial ownership filings can precede significant corporate actions or market movements, introducing uncertainty.

Key Players & Entities

• EquityLine Alternate Assets GP Inc. (company) — Filer of the Schedule 13D/A
• Check-Cap Ltd. (company) — Subject company of the filing
• April 8, 2024 (date) — Date of the filing
• April 5, 2024 (date) — Date of the event requiring filing

FAQ

Filing Documents

• e663501_sc13da-checkcap.htm (SC 13D/A) — 72KB
• e663501_ex99-1.htm (EX-99.1) — 53KB
• 0001193805-24-000508.txt ( ) — 126KB

of Schedule 13D is

Item 4 of Schedule 13D is hereby amended and restated as follows: The Reporting Persons have no plans or proposals relating to or which would result in any of the matters set forth in clauses (a) through (j) of Item 4 of Schedule 13D. Item 6. Contracts, Arrangements, Understandings or Relationships With Respect to Securities of the Issuer .

of Schedule 13D is

Item 6 of Schedule 13D is hereby amended and restated as follows: On April 5, 2024, EquityLine Alternate Assets GP Inc., a corporation incorporated under the laws of the Province of Ontario, Canada, Sergiy Shchavyelyev, the sole director of EquityLine, and each of the other Check-Cap shareholders (each, a “Shareholder” and, collectively, the “Shareholders”) signatory to the Support Agreement (as defined below), and Check-Cap Ltd., an Israeli company (“Check-Cap” or the “Company”), entered into a support agreement (the “Support Agreement”). Capitalized terms used but not defined herein shall have the meanings ascribed to them in the Support Agreement. Pursuant to the Support Agreement, each Shareholder irrevocably and unconditionally agreed to vote at (i) the Check Cap Shareholder Meeting (or any adjournment or postponement thereof); (ii) at the April EGM (or any adjournment or postponement thereof); and (iii) at any other meeting of the shareholders of Check-Cap to the extent in respect of, or related to, the transactions contemplated under the BCA, all of the Shares held by such Shareholder at such time (a) in favor of the approval and adoption of the Check-Cap Shareholder Transaction Matters; (b) against any Acquisition Proposal or any of the transactions contemplated thereby, (c) against any other action that would reasonably be expected to materially impede, interfere with, delay, postpone or adversely affect the Check-Cap Shareholder Transaction Matters or result in a breach of any covenant representation or warranty or other obligation or agreement of Check-Cap under the BCA; and (d) in favor of all items on the agenda of the April EGM, as may be amended. CUSIP No. M2361E179 Pursuant to the Support Agreement, each Shareholder agreed that it shall not, directly or indirectly, (a) sell, assign, transfer (including by operation of Law or by terminating the Coordination Agreement), pledge, dispose of

SIGNATURES

SIGNATURES After reasonable inquiry and to the best of his knowledge and belief, the undersigned certifies that the information set forth in this statement is true, complete and correct. Dated: April 8, 2024 EquityLine Alternate Assets GP Inc. By: /s/ Sergiy Shchavyelyev Name: Sergiy Shchavyelyev Title: Sole Director /s/ Sergiy Shchavyelyev Sergiy Shchavyelyev

View Full Filing

View this SC 13D/A filing on SEC EDGAR