BRIEF-Oncology firm Silexion To Go Public In $62.5 Mln SPAC Deal

Reuters
Feb 22, 2024

Feb 22 (Reuters) - Moringa Acquisition Corp :

* SILEXION, A CLINICAL-STAGE, ONCOLOGY-FOCUSED BIOTECHNOLOGY COMPANY, TO BECOME PUBLICLY TRADED VIA BUSINESS COMBINATION WITH MORINGA ACQUISITION CORP

* MORINGA ACQUISITION CORP - BUSINESS COMBINATION PROVIDES FOR SILEXION'S PRE-TRANSACTION EQUITY VALUE TO BE $62.5 MILLION

* MORINGA ACQUISITION CORP - BUSINESS COMBINATION UNANIMOUSLY APPROVED BY BOARDS OF DIRECTORS OF SILEXION AND MORINGA

* MORINGA ACQUISITION CORP - BOARD OF DIRECTORS OF COMBINED COMPANY WILL CONSIST OF SEVEN MEMBERS, OF WHOM TWO WILL BE APPOINTED BY MORINGA'S SPONSOR

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