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Cayman Islands
|
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N/A
|
|
(State or other jurisdiction of
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(I.R.S. Employer
|
|
incorporation or organization)
|
|
Identification Number)
|
|
Jonathan M. Nathan, Adv.
Meitar Law Offices
16 Abba Hillel Road
Ramat Gan, Israel 5251608
Tel: +972-3-610-3100
|
Mark S. Selinger, Esq.
Gary Emmanuel, Esq.
Michael Soumas, Esq.
Greenberg Traurig, LLP
One Vanderbilt Avenue
New York, New York 10017-5404
Tel: (212) 801-9200
|
|
Large accelerated filer
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☐
|
Accelerated filer
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☐
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|
Non-accelerated filer
|
☒
|
Smaller reporting company
|
☒
|
|
|
Emerging growth company
|
☒
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|
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PROSPECTUS
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SUBJECT TO COMPLETION, DATED JUNE 12, 2026
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Page
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1
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2
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8
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12
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13
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15
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15
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16
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22
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24
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24
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24
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25
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| • |
a 1-for-10 reverse share split effected post-market on May 28, 2026 and reflected in trading beginning on May 29, 2026;
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a 1-for-15 reverse share split effected post-market on July 28, 2025 and reflected in trading beginning on July 29, 2025; and
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a 1-for-9 reverse share split effected post-market on November 27, 2024 and reflected in trading beginning on November 29, 2024.
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Ordinary Shares Offered by the Selling Shareholders
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Up to 859,609 ordinary shares, consisting of: (a) up to 399,020 ordinary shares issuable under 399,020 new warrants, comprised of (i) 204,500 ordinary
shares issuable upon the exercise of the 204,500 Series C warrants issued to Selling Shareholders in the May 2026 warrant inducement transaction, and (ii) up to 194,520 ordinary shares issuable upon the exercise of the 194,520 Series D
warrants issued to Selling Shareholders in the May 2026 warrant inducement transaction; (b) up to 13,966 ordinary shares issuable upon the exercise of the 13,966 placement agent warrants issued to the placement agent and/or its
designees in the May 2026 warrant inducement transaction; and (c) up to 446,623 ordinary shares issued or issuable to the Moringa Sponsor upon conversion of amounts due under the Sponsor Promissory Note and which are not covered by our
prior registration statement.
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Ordinary Shares Outstanding Prior to the Offering
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1,063,117 (as of June 10, 2026)
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Ordinary Shares to be Outstanding After the Offering
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Up to 1,877,696 ordinary shares, assuming (i) exercise in full of all 412,986 warrants (consisting of 204,500 Series C warrants, 194,520 Series D
warrants, and 13,966 placement agent warrants) under which 412,986 of the 859,609 ordinary shares that may be resold under this prospectus may be issued, and (ii) issuance of the maximum number of shares to the Moringa Sponsor
(446,623) that are covered by this prospectus upon conversion of outstanding amounts under the Sponsor Promissory Note from time to time. The actual number of ordinary shares to be outstanding following the offering will vary
depending on the number of warrants actually exercised and/or outstanding amounts actually converted into ordinary shares under the Sponsor Promissory Note—and underlying ordinary shares resold— by Selling Shareholders.
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Plan of Distribution
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Sales of our ordinary shares (if any) under this prospectus may be made by a variety of methods, including without limitation sales made directly on Nasdaq, on any other existing trading market for our
ordinary shares in the United States, sales made to or through a market maker other than on an exchange, or otherwise, in negotiated transactions at market prices prevailing at the time of sale or at prices related to such prevailing
market prices, and/or in any other method permitted by law. See “Plan of Distribution” on page 22 of this prospectus.
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Use of Proceeds
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We will not receive any proceeds from the sale of ordinary shares by the Selling Shareholders in the offering. All net proceeds from the sale of the ordinary shares covered by this prospectus will go to the
Selling Shareholders.
We may, however, receive proceeds of $5.00 and $6.25 per share from the exercise by Selling Shareholders of the 399,020 new warrants and 13,966 placement agent warrants, respectively, under which the
underlying ordinary shares that may be sold in the offering may be issued, which would yield gross proceeds of approximately $1.995 million and $87.3 thousand, respectively, for our company, assuming that the Selling Shareholders exercise
those warrants for cash and not on a cashless basis.
There is no certainty that any Selling Shareholders will exercise the new warrants or placement agent warrants. Accordingly, we may not receive any proceeds from the issuance of the underlying ordinary
shares. We believe that the likelihood that Selling Shareholders decide to exercise their warrants, and, consequently, the amount of cash proceeds that we may receive from that exercise, are dependent upon the market price of our ordinary
shares. If the market price for our ordinary shares is less than the respective exercise prices of the new warrants and placement agent warrants (on a per share basis), the Selling Shareholders may be less likely to exercise any of those
respective warrants, and accordingly, we will not receive any such proceeds. There is no assurance that any of the new warrants or placement agent warrants will be “in the money” prior to their expiration or that the Selling Shareholders
will exercise them.
We expect to use the proceeds received from the exercise of the warrants, if any, for our prospective Phase 2/3 clinical studies and/or for working capital and general corporate purposes. See “Use of Proceeds.”
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Risk Factors
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Investing in our ordinary shares involves a high degree of risk. You should read the “Risk Factors” section beginning on page 8 of this prospectus and the risk factors described in the documents incorporated
by reference in this prospectus for a discussion of factors to consider before deciding whether to invest in our ordinary shares.
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Market for Ordinary Shares
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Our ordinary shares are listed on Nasdaq under the symbol “SLXN”.
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●
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4,900 ordinary shares issuable upon the exercise of outstanding share options under our equity incentive plans, at a weighted average exercise price of $323.27 per share; and
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●
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110,358 ordinary shares issuable upon the exercise of 110,358 outstanding warrants with a weighted average exercise price of $680.43 per share (which constitute all ordinary shares underlying our
outstanding warrants, other than the 412,986 ordinary shares underlying the 412,986 warrants that would be exercised, and the underlying shares sold, pursuant to this offering).
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●
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the results of our clinical trials with respect to SIL 204;
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whether we are able to maintain the listing of our ordinary shares on Nasdaq;
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our future performance, including our projected timeline for regulatory approvals of our product candidates;
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our market opportunity;
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our strategy, future operations, financial position, projected costs, prospects and plans;
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expectations regarding the time during which we will be an emerging growth company under the JOBS Act;
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our ability to retain or recruit officers, key employees and directors;
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the impact of the regulatory environment and complexities with compliance related to such environment;
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expectations regarding future partnerships or other relationships with third parties;
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our future capital requirements and sources and uses of cash, including our ability to obtain additional capital in the future;
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market conditions for equity securities and general economic, political, and market conditions; and
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other factors and risks identified from time to time in our filings with the SEC, including this prospectus and the 2025 Annual Report.
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our future performance, including our projected timeline for clinical trials and regulatory approvals for SIL 204 or any other product candidate;
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our ability to obtain financing on an ongoing basis and thereby maintain our compliance with the shareholders’ equity and other Nasdaq listing requirements related to our ordinary
shares and warrants;
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our market opportunity;
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our strategy, future operations, financial position, projected costs, prospects and plans;
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our ability to maintain the listing of our ordinary shares and our warrants on Nasdaq;
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expectations regarding the time during which we will be an emerging growth company under the JOBS Act;
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our ability to retain or recruit officers, key employees and directors;
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the impact of the regulatory environment and complexities with compliance related to such environment;
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expectations regarding future partnerships or other relationships with third parties;
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our future capital requirements and sources and uses of cash, including our ability to obtain additional capital in the future; and
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other factors identified from time to time in our filings with the SEC, including this prospectus.
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we cannot guarantee success in our upcoming Phase 2/3 clinical trials with respect to our SIL204 product candidate;
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we are a development-stage company and have a limited operating history on which to assess our business;
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we have never generated any revenue from product sales and may never be profitable;
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we will need to raise substantial additional funding, which may not be available on acceptable terms, or at all, and which will cause dilution to our shareholders;
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the approach we are taking to discover and develop novel RNAi therapeutics is unproven for oncology and may never lead to marketable products;
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we do not have experience producing our product candidates at commercial levels, currently have no marketing and sales organization, have an uncertain market receptiveness
to our product candidates, and are uncertain as to whether there will be insurance coverage and reimbursement for our potential products;
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we may be unable to attract, develop and/or retain key personnel or additional employees required for our development and future success;
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we may issue additional ordinary shares or other equity securities without your approval, which would dilute your ownership interest and may depress the market
price of our ordinary shares;
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we may not succeed at maintaining at least $2.5 million of shareholders’ equity and thereby maintaining our compliance with the Equity Standard of the Nasdaq
Capital Market and may therefore have our securities delisted from Nasdaq; and
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●
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those additional factors described or incorporated by reference under the heading “Risk Factors” in this prospectus and in our other filings with the SEC.
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Name of Selling Shareholder
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Outstanding Ordinary Shares Owned Prior to Offering
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Ordinary Shares Underlying Warrants Beneficially Owned Prior to Offering(1)
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Percentage Beneficial Ownership
of Ordinary Shares Prior to This Offering(1) |
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Maximum Number of Ordinary Shares That May be Sold in This Offering
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Number of
Ordinary Shares Beneficially Owned Following This Offering(2) |
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Percentage Beneficial Ownership
of Ordinary Shares Following This Offering(3) |
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||||||
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Moringa Sponsor, L.P. and affiliates (4)
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|
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138,382
|
(5)
|
|
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37
|
(6)
|
|
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13.0
|
%
|
|
|
446,623
|
(7)
|
|
|
93,352
|
|
|
|
6.3
|
%
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3i, LP (8)
|
|
|
0
|
|
|
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56,501
|
(9)
|
|
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5.0
|
%
|
|
|
56,501
|
|
|
|
0
|
|
|
|
—
|
|
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Alto Opportunity Master Fund, SPC – Segregated Master Portfolio B (10)
|
|
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0
|
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42,500
|
(11)
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|
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3.8
|
%
|
|
|
42,500
|
|
|
|
0
|
|
|
|
—
|
|
|
Boothbay Absolute Return Strategies, LP (12)
|
|
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0
|
|
|
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23,208
|
(13)
|
|
|
2.1
|
%
|
|
|
23,208
|
|
|
|
0
|
|
|
|
—
|
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Evergreen Capital Management LLC (14)
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|
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0
|
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8,000
|
(15)
|
|
|
*
|
|
|
8,000
|
|
|
|
0
|
|
|
|
—
|
|
|
|
Hudson Bay Master Fund Ltd.(16)
|
|
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0
|
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41,004
|
(17)
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|
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3.7
|
%
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|
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41,004
|
|
|
|
0
|
|
|
|
—
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Intracoastal Capital LLC (18)
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|
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0
|
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71,421
|
(19)
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|
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6.3
|
%
|
|
|
71,421
|
|
|
|
0
|
|
|
|
—
|
|
|
Iroquois Capital Investment Group LLC (20)
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|
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0
|
|
|
|
3,900
|
(21)
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|
|
*
|
|
|
3,900
|
|
|
|
0
|
|
|
|
—
|
|
|
|
Iroquois Master Fund Ltd. (22)
|
|
|
0
|
|
|
|
9,100
|
(23)
|
|
|
*
|
|
|
9,100
|
|
|
|
0
|
|
|
|
—
|
|
|
|
KBB Asset Management (24)
|
|
|
0
|
|
|
|
13,533
|
(25)
|
|
|
1.3
|
%
|
|
|
13,533
|
|
|
|
0
|
|
|
|
—
|
|
|
Kingsbrook Opportunities Master Fund LP (26)
|
|
|
0
|
|
|
|
5,700
|
(27)
|
|
|
*
|
|
|
5,700
|
|
|
|
0
|
|
|
|
—
|
|
|
|
Lind Global Fund III LP (28)
|
|
|
0
|
|
|
|
42,500
|
(29)
|
|
|
3.8
|
%
|
|
|
42,500
|
|
|
|
0
|
|
|
|
—
|
|
|
Orca Capital AG (30)
|
|
|
0
|
|
|
|
53,487
|
(31)
|
|
|
4.8
|
%
|
|
|
53,487
|
|
|
|
0
|
|
|
|
—
|
|
|
S.H.N Financial Investments Ltd. (32)
|
|
|
0
|
|
|
|
17,500
|
(33)
|
|
|
1.6
|
%
|
|
|
17,500
|
|
|
|
0
|
|
|
|
—
|
|
|
Warberg WF XIV LP (34)
|
|
|
0
|
|
|
|
10,666
|
(35)
|
|
|
1.0
|
%
|
|
|
10,666
|
|
|
|
0
|
|
|
|
—
|
|
|
Augustus Trading LLC (36)
|
|
|
0
|
|
|
|
8,956
|
(37)
|
|
|
*
|
|
|
8,956
|
(38)
|
|
|
0
|
|
|
|
—
|
|
|
|
Noam Rubinstein (39)
|
|
|
0
|
|
|
|
8,915
|
(40)
|
|
|
*
|
|
|
4,400
|
(38)
|
|
|
4,515
|
|
|
|
*
|
|
|
|
Wilson Drive Holdings LLC (41)
|
|
|
0
|
|
|
|
954
|
(42)
|
|
|
*
|
|
|
|
471
|
(38)
|
|
|
483
|
|
|
|
*
|
|
|
Charles Worthman (39)
|
|
|
0
|
|
|
|
281
|
(43)
|
|
|
*
|
|
|
|
139
|
(38)
|
|
|
142
|
|
|
|
*
|
|
|
TOTAL
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
859,609
|
|
|
|
|
|
|
|
|
|
|
*
|
Less than 1%
|
|
(1)
|
Beneficial ownership is determined in accordance with Section 13(d) of the Exchange Act, and includes ordinary shares as to which a Selling Shareholder has sole or shared voting power or sole or shared
investment power. The rules under Section 13(d) of the Exchange Act generally provide that a person or entity has beneficial ownership of a security if he, she or it possesses sole or shared voting or investment power over that security,
including options and warrants that are currently exercisable or exercisable within 60 days. In computing the number of ordinary shares beneficially owned by a Selling Shareholder and his/her/its percentage ownership, we include, as
outstanding, those ordinary shares that are subject to warrants held by that Selling Shareholder that are currently exercisable or exercisable within 60 days of June 10, 2026. We do not deem those shares to be outstanding, however, for the
purpose of computing the percentage ownership of any other Selling Shareholder. The Series C warrants, Series D warrants and placement agent warrants issued in the May 2026 warrant inducement transaction were not yet exercisable as of June
10, 2026 and will not become exercisable until the date on which our shareholders approve the exercisability of those warrants. We expect to hold an extraordinary general meeting to obtain that approval in July 2026, which is within 60 days
of June 10, 2026, but we do not know whether our shareholders will provide that approval. Nevertheless, for purposes of this table, we have included all ordinary shares underlying Series C warrants, Series D warrants and placement agent
warrants as beneficially owned by the respective Selling Shareholders, and we have furthermore not given effect to the beneficial ownership limitations (often referred to as “blockers”) set forth in those warrants that would otherwise limit
the beneficial ownership of a Selling Shareholder to 4.99% or 9.99% of our outstanding ordinary shares. Percentage ownership prior to this offering is based on 1,063,117 ordinary shares outstanding as of June 10, 2026.
|
|
|
|
(2)
|
Assumes the sale by the relevant Selling Shareholder of the maximum number of ordinary shares registered for sale by it under this prospectus, but no sale by the Selling Shareholder of any other ordinary shares
or other securities under which ordinary shares may be issued to it (e.g., warrants).
|
|
(3)
|
Percentage ownership following this offering is based on 1,476,103 ordinary shares outstanding, which assumes the exercise in full of all 412,986
warrants (consisting of 204,500 Series C warrants, 194,520 Series D warrants, and 13,966 placement agent warrants) under which 412,986 of the 859,609 ordinary shares that may be sold under this prospectus may be issued.
|
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(4)
|
The securities reported in this row are held of record by the Moringa Sponsor, a Cayman Islands exempted limited partnership. Moringa Partners Ltd., an Israeli company that is wholly-owned by Mr. Ilan Levin,
serves as the sole general partner of the Sponsor. Mr. Levin is the sole director of that general partner. As a result of his ownership of that general partner, Mr. Levin possesses sole voting and investment authority with respect to the
ordinary shares held by the Moringa Sponsor. The limited partnership interests of the Moringa Sponsor are held by various individuals and entities, including Mr. Levin. Mr. Levin disclaims beneficial ownership of the securities held by the
Moringa Sponsor other than to the extent of his direct or indirect pecuniary interest in such securities. The address of the Selling Shareholder identified in this row is c/o Moringa Acquisition Corp, 250 Park Avenue, 7th floor, New York, NY
10177. Beneficial ownership shown herein reflects information in the Schedule 13D/A filed by the Moringa Sponsor with the SEC on May 29, 2026.
|
|
(5)
|
Consists of (i) 696 ordinary shares, (ii) 37 ordinary shares underlying warrants, and (iii) an aggregate of 137,501 ordinary shares issued on September 15, 2025 and May 18, 2026, upon conversion of an aggregate
of $2.2 million of the outstanding amount under the Sponsor Promissory Note, all of which are held by Moringa Sponsor, LP, and (iv) 148 ordinary shares held by Greenstar, L.P. Excludes any further ordinary shares that may be issued upon
conversion of remaining amounts owed by our company to the Moringa Sponsor under the Sponsor Promissory Note ($1,229,000 as of the date hereof), as the potential number of such shares, and the timing of their issuance, cannot be determined in
advance.
|
|
(6)
|
Represents 37 private warrants originally issued by Moringa Acquisition Corp and assumed by the Company upon the Closing of the Business Combination, each
exercisable for one ordinary share at an exercise price of $15,525.00 per share, expiring on August 15, 2029. These warrants are not being registered for sale under the registration statement of which this prospectus forms a part and are
not related to the May 2026 warrant inducement transaction.
|
|
(7)
|
Comprised of (i) 45,030 presently outstanding ordinary shares issued to the Moringa Sponsor in May 2026 upon conversion of amounts outstanding under the
Sponsor Promissory Note that are not covered by our prior registration statement on Form S-3 filed with the SEC in October 2025, and (ii) an additional 401,593 shares issuable from time to time to the Moringa Sponsor upon conversion of
the remaining outstanding amount under the Sponsor Promissory Note (which assumes that the approximate $1.229 million balance of the Sponsor Promissory Note as of June 10, 2026 will be converted into ordinary shares at a price per share
of $3.06, representing the closing price of the ordinary shares on June 10, 2026). The foregoing 45,030 presently outstanding ordinary shares were among the 92,501 ordinary shares that we issued to the Moringa Sponsor in May 2026 upon
conversion of amounts under the Sponsor Promissory Note (the resale of the remaining 47,471 of those ordinary shares was already registered under that prior Form S-3 filed in October 2025).
|
|
(8)
|
3i Management LLC is the general partner of 3i, LP, and Maier Joshua Tarlow is the manager of 3i Management LLC. As such, Mr. Tarlow exercises sole voting and investment discretion over securities beneficially
owned directly or indirectly by 3i, LP and 3i Management LLC. Mr. Tarlow disclaims beneficial ownership of the securities beneficially owned directly by 3i, LP and indirectly by 3i Management LLC. The business address of each of the
aforementioned parties is 2 Wooster Street, 2nd Floor, New York, NY 10013. We have been advised that none of Mr. Tarlow, 3i Management LLC, or 3i, LP is a member of the Financial Industry Regulatory Authority (“FINRA”), or an independent broker-dealer, or an affiliate or associated person of a FINRA member or independent broker-dealer.
|
|
(9)
|
Consists of (i) 26,250 ordinary shares issuable upon exercise of 26,250 Series C warrants (five-year exercise term, $5.00 exercise price) and (ii) 30,251 ordinary shares issuable upon exercise of 30,251 Series
D warrants (24-month exercise term, $5.00 exercise price), in each case issued in the May 2026 warrant inducement transaction.
|
|
(10)
|
The address of this shareholder is co/Ayrton Capital LLC 55 Post Rd W, 2nd Floor Westport, CT 06880.
|
|
(11)
|
Consists of (i) 26,250 ordinary shares issuable upon exercise of 26,250 Series C warrants (five-year exercise term, $5.00 exercise price) and (ii) 16,250 ordinary shares issuable upon exercise of 16,250 Series D
warrants (24-month exercise term, $5.00 exercise price), in each case issued in the May 2026 warrant inducement transaction.
|
|
(12)
|
Boothbay Absolute Return Strategies LP, a Delaware limited partnership (the “BBARS”), is managed by Boothbay Fund Management, LLC, a Delaware limited liability company (“Boothbay”). Boothbay, in its capacity as the investment manager of BBARS, has delegated the power to vote and the power to direct the disposition of all these securities held by BBARS to Kingsbrook Partners
LP. Ari Glass is the Managing Member of Boothbay. Each of BBARS, Boothbay and Mr. Glass disclaim beneficial ownership of the securities reported in this row, except to the extent of any pecuniary interest therein. The address of this
shareholder is c/o Kingsbrook Partners LP, 689 Fifth Avenue, 12th Floor, New York, New York 10022.
|
|
(13)
|
Consists of (i) 11,400 ordinary shares issuable upon exercise of 11,400 Series C warrants (five-year exercise term, $5.00 exercise price) and (ii) 11,808 ordinary shares issuable upon exercise of 11,808 Series D
warrants (24-month exercise term, $5.00 exercise price), in each case issued in the May 2026 warrant inducement transaction.
|
|
(14)
|
The address of this shareholder is 156 W Saddle River Rd. Saddle River, NJ 07458.
|
|
|
|
|
(15)
|
Consists of (i) 4,000 ordinary shares issuable upon exercise of 4,000 Series C warrants (five-year exercise term, $5.00 exercise price) and (ii) 4,000 ordinary shares issuable upon exercise of 4,000 Series D
warrants (24-month exercise term, $5.00 exercise price), in each case issued in the May 2026 warrant exercise inducement transaction.
|
|
(16)
|
Hudson Bay Capital Management LP, the investment manager of Hudson Bay Master Fund Ltd., has voting and investment power over these securities. Sander Gerber is the managing member of Hudson Bay Capital GP LLC,
which is the general partner of Hudson Bay Capital Management LP. Each of Hudson Bay Master Fund Ltd. and Sander Gerber disclaims beneficial ownership over these securities. The address of this shareholder is C/o Hudson Bay Capital Management
LP, 290 Harbor Drive, 3rd Floor, Stamford, CT 06902.
|
|
(17)
|
Consists of (i) 21,250 ordinary shares issuable upon exercise of 21,250 Series C warrants (five-year exercise term, $5.00 exercise price) and (ii) 19,754 ordinary shares issuable upon exercise of 19,754 Series D
warrants (24-month exercise term, $5.00 exercise price), in each case issued in the May 2026 warrant inducement transaction.
|
|
(18)
|
The information concerning this Selling Shareholder is based on a Schedule 13G/A filed with the SEC on February 13, 2026 and subsequent information provided to us in connection with the May 2026 warrant
inducement transaction. Mitchell P. Kopin and Daniel B. Asher, each of whom is a manager of Intracoastal Capital LLC (“Intracoastal”), have shared voting control and investment discretion over the
securities beneficially owned by Intracoastal. As a result, each of Mr. Kopin and Mr. Asher may be deemed to have beneficial ownership (as determined under Section 13(d) of the Exchange Act) of the securities reported herein that are
beneficially owned by Intracoastal. The principal business office of Mr. Kopin and Intracoastal is 245 Palm Trail, Delray Beach, Florida 33483, and the principal business office of Mr. Asher is 1011 Lake Street, Suite 311, Oak Park, Illinois
60301.
|
|
(19)
|
Consists of (i) 32,500 ordinary shares issuable upon exercise of 32,500 Series C warrants (five-year exercise term, $5.00 exercise price) and (ii) 38,921 ordinary shares issuable upon exercise of 38,921 Series
D warrants (24-month exercise term, $5.00 exercise price), in each case issued in the May 2026 warrant inducement transaction. The warrants held by this Selling Shareholder may not be exercised to the extent it would cause this Selling
Shareholder’s beneficial ownership to exceed 9.99% of our issued and outstanding ordinary shares.
|
|
(20)
|
The address of this shareholder is 2 Overhill Rd, Scarsdale, NY 10583.
|
|
(21)
|
Consists of (i) 1,950 ordinary shares issuable upon exercise of 1,950 Series C warrants (five-year exercise term, $5.00 exercise price) and (ii) 1,950 ordinary shares issuable upon exercise of 1,950 Series D
warrants (24-month exercise term, $5.00 exercise price), in each case issued in the May 2026 warrant inducement transaction.
|
|
|
|
|
(22)
|
The address of this shareholder is 2 Overhill Rd, Scarsdale, NY 10583.
|
|
(23)
|
Consists of (i) 4,550 ordinary shares issuable upon exercise of 4,550 Series C warrants (five-year exercise term, $5.00 exercise price) and (ii) 4,550 ordinary shares issuable upon exercise of 4,550 Series D
warrants (24-month exercise term, $5.00 exercise price), in each case issued in the May 2026 warrant inducement transaction.
|
|
(24)
|
Steven Segal is the natural person possessing voting control and investment discretion over the ordinary shares beneficially owned by this Selling Shareholder. The address of this Selling Shareholder is 47 Calle
Del Sur Palm Coast Fl 32137.
|
|
(25)
|
Consists of (i) 6,500 ordinary shares issuable upon exercise of 6,500 Series C warrants (five-year exercise term, $5.00 exercise price) and (ii) 7,033 ordinary shares issuable upon exercise of 7,033 Series D
warrants (24-month exercise term, $5.00 exercise price), in each case issued in the May 2026 warrant inducement transaction.
|
|
(26)
|
The address of this Selling Shareholder is c/o Kingsbrook Partners LP, 689 Fifth A venue, 12th Floor, New York, New York 10022.
|
|
(27)
|
Consists of (i) 2,850 ordinary shares issuable upon exercise of 2,850 Series C warrants (five-year exercise term, $5.00 exercise price) and (ii) 2,850 ordinary shares issuable upon exercise of 2,850 Series D
warrants (24-month exercise term, $5.00 exercise price), in each case issued in the May 2026 warrant inducement transaction.
|
|
(28)
|
Based on a Schedule 13G/A filed by Lind Global Fund III LP with the SEC on May 15, 2026 and subsequent information provided to us in connection with the May 2026 warrant inducement transaction. Lind Global
Partners III LLC is the general partner of Lind Global Fund III LP, and Jeff Easton is the managing member of Lind Global Partners III LLC. As such, Mr. Easton may be deemed to have sole voting and dispositive power with respect to ordinary
shares beneficially owned by Lind Global Fund III LP. None of the warrants held by this Selling Shareholder may be exercised if, following such exercise, the beneficial ownership of Lind Global Fund III LP would exceed 9.9%. The address of
each of these entities and individuals is 444 Madison Avenue, Floor 41, New York, NY 10022.
|
|
(29)
|
Consists of (i) 21,250 ordinary shares issuable upon exercise of 21,250 Series C warrants (five-year exercise term, $5.00 exercise price) and (ii) 21,250 ordinary shares issuable upon exercise of 21,250 Series D
warrants (24-month exercise term, $5.00 exercise price), in each case issued in the May 2026 warrant inducement transaction.
|
|
(30)
|
Based on Amendment No. 1 to a Schedule 13G filed with the SEC on September 15, 2025 and subsequent information provided to us in connection with the May 2026 warrant inducement transaction. Roman Grodon, Thomas
Koenig, and Beate Ruhle-Burkhardt have shared voting control and investment discretion over the subject securities that are beneficially owned by Orca Capital AG. As a result, each of them may be deemed to have beneficial ownership (as
determined under Section 13(d) of the Exchange Act) of the securities beneficially owned by Orca Capital AG. Due to “blocker” provisions in the warrants held by this Selling Shareholder, the maximum number of ordinary shares that may actually
be held upon exercise of warrants by the Selling Shareholder may not exceed 4.99% of our issued and outstanding ordinary shares. The principal business address of Orca Capital AG is Sperl-Ring 2, 85276 Hettenshausen, Germany.
|
|
(31)
|
Consists of (i) 26,250 ordinary shares issuable upon exercise of 26,250 Series C warrants (five-year exercise term, $5.00 exercise price) and (ii) 27,237 ordinary shares issuable upon exercise of 27,237 Series D
warrants (24-month exercise term, $5.00 exercise price), in each case issued in the May 2026 warrant inducement transaction.
|
|
(32)
|
The address of this Selling Shareholder is 3 Arik Einstein Street, Herzeliya 4610301, Israel.
|
|
(33)
|
Consists entirely of 17,500 ordinary shares issuable upon exercise of 17,500 Series C warrants (five-year exercise term, $5.00 exercise price) issued in the May 2026 warrant inducement transaction.
|
|
(34)
|
Warberg WF XIV LP is managed by Warberg Asset Management LLC. Daniel Warsh is managing partner of Warberg Asset Management LLC and has voting and dispositive power with respect to the securities held by Warberg
WF XIV LP. The warrants held by this Selling Shareholder are subject to a beneficial ownership limitation of 9.99%, whereby they may not be exercised for such number of underlying shares as would cause the Selling Shareholder and its
affiliates to beneficially own in excess of that percentage of our issued and outstanding ordinary shares. The address of Warberg Asset Management LLC is 716 Oak Street, Winnetka, IL 60093.
|
|
(35)
|
Consists of (i) 2,000 ordinary shares issuable upon exercise of 2,000 Series C warrants (five-year exercise term, $5.00 exercise price) and (ii) 8,666 ordinary shares issuable upon exercise of 8,666 Series D
warrants (24-month exercise term, $5.00 exercise price), in each case issued in the May 2026 warrant inducement transaction.
|
|
(36)
|
Orsium Capital LLC, the authorized agent to Augustus Trading LLC, has discretionary authority to vote and dispose of the securities held by Augustus Trading LLC, and may be deemed to be the beneficial owner (as
determined under Section 13(d) of the Exchange Act) of these securities. Olivier Morali, in his capacity as managing member of Orsium Capital LLC, may also be deemed to have investment discretion and voting power over the securities held by
Augustus Trading LLC. Orsium Capital LLC and Mr. Morali each disclaims any beneficial ownership of these securities. The address of Augustus Trading LLC is 600 Lexington Avenue, 32nd Floor, New York, NY 10022.
|
|
(37)
|
Consists of 8,956 ordinary shares issuable upon exercise of 8,956 placement agent warrants (five-year exercise term, $6.25 exercise price) that were issued in the May 2026 warrant inducement transaction.
|
|
(38)
|
Consists entirely of ordinary shares issuable upon exercise of placement agent warrants (five-year exercise term, $6.25 exercise price) that were issued in the May 2026 warrant inducement transaction, which
underlying ordinary shares may be sold in this offering.
|
|
(39)
|
The Selling Shareholder is affiliated with H.C. Wainwright, a registered broker-dealer with a registered address of H.C. Wainwright & Co., LLC, 430 Park Ave, 3rd Floor, New York, NY 10022. H.C. Wainwright
acted as our placement agent in the May 2026 warrant inducement transaction. The Selling Shareholder has voting and dispositive power over the securities held, acquired the securities in the ordinary course of business and, at the time the
securities were acquired, the Selling Shareholder had no agreement or understanding, directly or indirectly, with any person to distribute such securities.
|
|
(40)
|
Consists of (i) 545 ordinary shares issuable upon exercise of 545 placement agent warrants issued in our January 2025 public offering, (ii) 327 ordinary shares issuable upon exercise of 327 placement agent
warrants issued in connection with our January 2025 warrant exercise inducement transaction, (iii) 336 ordinary shares issuable upon exercise of 336 placement agent warrants issued in connection with our July/August 2025 warrant exercise
inducement transaction, (iv) 3,307 ordinary shares issuable upon exercise of 3,307 placement agent warrants issued in our September 2025 public offering, and (v) 4,400 ordinary shares issuable upon exercise of 4,400 placement agent warrants
issued in our May 2026 warrant inducement transaction.
|
|
(41)
|
The securities set forth in this row are held by Wilson Drive Holdings LLC, with a registered address of 600 Lexington Avenue, 32nd Floor, New York, NY 10022, and/or by Craig Schwabe, who is the managing member
of Wilson Drive Holdings LLC and who has the power to vote and dispose of the securities held by Wilson Drive Holdings LLC. Neither Wilson Drive Holdings LLC nor Mr. Schwabe is a broker-dealer. Mr. Schwabe is affiliated with the following
registered broker-dealers: H.C. Wainwright & Co., LLC, Rodman & Renshaw LLC and Stockblock Securities LLC. The securities were acquired in the ordinary course of business and, at the time the securities were acquired, the Selling
Shareholder had no agreement or understanding, directly or indirectly, with any person to distribute such securities. Mr. Schwabe has not held any position or office or has had any other material relationship with the Company (or its
predecessors or affiliates) during the past three years.
|
|
(42)
|
Consists of (a) the following securities that are beneficially owned directly by Craig Schwabe: (i) 58 ordinary shares issuable upon exercise of 58 placement agent warrants issued in our January 2025 public
offering, (ii) 35 ordinary shares issuable upon exercise of 35 placement agent warrants issued in our January 2025 warrant exercise inducement transaction, (iii) 36 ordinary shares issuable upon exercise of 36 placement agent warrants
issued in our July/August 2025 warrant exercise inducement transaction, and (iv) 354 ordinary shares issuable upon exercise of 354 placement agent warrants issued in our September 2025 public offering, as well as (b) the following
securities that are beneficially owned directly by Wilson Drive Holdings LLC: 471 ordinary shares issuable upon exercise of 471 placement agent warrants (five-year exercise term, $6.25 exercise price) that were issued in our May 2026
warrant inducement transaction.
|
|
(43)
|
Consists of (i) 17 ordinary shares issuable upon exercise of 17 placement agent warrants issued in our January 2025 public offering, (ii) 10 ordinary shares issuable upon exercise of 10 placement agent warrants
issued in connection with our January 2025 warrant exercise inducement transaction, (iii) 10 ordinary shares issuable upon exercise of 10 placement agent warrants issued in connection with our July/August 2025 warrant exercise inducement
transaction, (iv) 105 ordinary shares issuable upon exercise of 105 placement agent warrants issued in our September 2025 public offering, and (v) 139 ordinary shares issuable upon exercise of 139 placement agent warrants issued in connection
with our May 2026 warrant inducement transaction.
|
|
●
|
ordinary brokerage transactions and transactions in which the broker-dealer solicits purchasers;
|
|
●
|
block trades in which the broker-dealer will attempt to sell the shares as agent, but may position and resell a portion of the block as principal to facilitate the transaction;
|
|
●
|
purchases by a broker-dealer as principal and resale by the broker-dealer for their account;
|
|
●
|
an exchange distribution in accordance with the rules of the applicable exchange;
|
|
●
|
privately negotiated transactions;
|
|
●
|
short sales effected after the date the registration statement of which this prospectus is a part is declared effective by the SEC;
|
|
●
|
through the writing or settlement of options or other hedging transactions, whether through an options exchange or otherwise;
|
|
●
|
broker-dealers may agree with the Selling Shareholders to sell a specified number of such shares at a stipulated price per share;
|
|
●
|
a combination of any such methods of sale; and
|
|
●
|
any other method permitted by applicable law.
|
|
|
●
|
Our Annual Report on Form 10-K for the fiscal year ended December 31, 2025, filed with
the SEC on March 17, 2026, as amended by Amendment No. 1 thereto, filed with the SEC on May 19, 2026;
|
|
|
●
|
Our Quarterly Report on Form 10-Q for the fiscal quarter ended March 31, 2026, filed
with the SEC on May 15, 2026;
|
|
|
●
|
Our Current Reports on Form 8-K filed with the SEC on the following dates:
• May 5, 2026;
• May 15, 2026;
|
|
|
|
• May 26, 2026;
• May 29, 2026;
|
|
|
●
|
The description of our share capital contained in our registration statement on Form 8-A (File No.
001-42253) filed with the SEC on August 15, 2024, including any amendments or reports filed for the purpose of updating such description (including Exhibit
4.1 to our Annual Report on Form 10-K for the fiscal year ended December 31, 2025, filed with the SEC on March 17, 2026).
|

|
SEC registration fee
|
$
|
415.50
|
||
|
Legal fees and expenses
|
12,000.00
|
|||
|
Accounting fees and expenses
|
10,000.00
|
|||
|
Printing and miscellaneous fees and expenses
|
4,000.00
|
|||
|
Total
|
$
|
26,415.50
|
|
(a)
|
Exhibits
|
|
Exhibit
Number |
Description
|
|
|
*
|
Filed herewith
|
|
(i)
|
To include any prospectus required by Section 10(a)(3) of the Securities Act;
|
|
(ii)
|
To reflect in the prospectus any facts or events arising after the effective date of the registration statement (or the most recent post-effective amendment thereof) which, individually or in
the aggregate, represent a fundamental change in the information set forth in the registration statement. Notwithstanding the foregoing, any increase or decrease in volume of securities offered (if the total dollar value of securities offered
would not exceed that which was registered) and any deviation from the low or high end of the estimated maximum offering range may be reflected in the form of prospectus filed with the SEC pursuant to Rule 424(b) if, in the aggregate, the
changes in volume and price represent no more than 20% change in the maximum aggregate offering price set forth in the “Calculation of Registration Fee” table in the effective registration statement;
|
|
(iii)
|
To include any material information with respect to the plan of distribution not previously disclosed in the registration statement or any material change to such information in the
registration statement;
|
|
(i)
|
Each prospectus filed by the registrant pursuant to Rule 424(b)(3) shall be deemed to be part of the registration statement as of the date the filed prospectus was deemed part of and included
in the registration statement; and
|
|
(ii)
|
Each prospectus required to be filed pursuant to Rule 424(b)(2), (b)(5) or (b)(7) as part of a registration statement in reliance on Rule 430B relating to an offering made pursuant to Rule
415(a)(1)(i), (vii) or (x) for the purpose of providing the information required by Section 10(a) of the Securities Act of 1933 shall be deemed to be part of and included in the registration statement as of the earlier of the date such form
of prospectus is first used after effectiveness or the date of the first contract of sale of securities in the offering described in the prospectus. As provided in Rule 430B, for liability purposes of the issuer and any person that is at that
date an underwriter, such date shall be deemed to be a new effective date of the registration statement relating to the securities in the registration statement to which the prospectus relates, and the offering of such securities at that time
shall be deemed to be the initial bona fide offering thereof. Provided, however, that no statement made in a registration statement or prospectus that is part of the registration statement or made in a document incorporated or deemed
incorporated by reference into the registration statement or prospectus that is part of the registration statement will, as to a purchaser with a time of contract of sale prior to such effective date, supersede or modify any statement that
was made in the registration statement or prospectus that was part of the registration statement or made in any such document immediately prior to such effective date.
|
|
(i)
|
Any preliminary prospectus or prospectus of the undersigned registrant relating to the offering required to be filed pursuant to Rule 424;
|
|
(ii)
|
Any free writing prospectus relating to the offering prepared by or on behalf of the undersigned registrant or used or referred to by the undersigned registrant;
|
|
(iii)
|
The portion of any other free writing prospectus relating to the offering containing material information about the undersigned registrant or its securities provided by or on behalf of the
undersigned registrant; and
|
|
(iv)
|
Any other communication that is an offer in the offering made by the undersigned registrant to the purchaser.
|
|
|
SILEXION THERAPEUTICS CORP
|
|
|
|
|
|
|
|
By:
|
/s/ Ilan Hadar
|
|
|
|
Name: Ilan Hadar
Title: Chairman and Chief Executive Officer
|
|
Signature
|
|
Title
|
|
Date
|
|
|
|
|
|
|
|
/s/ Ilan Hadar
|
|
Chairman and Chief Executive Officer
|
|
June 12, 2026
|
|
Ilan Hadar
|
|
(Principal Executive Officer)
|
|
|
|
|
|
|
|
|
|
/s/ Mirit Horenshtein Hadar
|
|
Chief Financial Officer and Secretary
|
|
June 12, 2026
|
|
Mirit Horenshtein Hadar
|
|
(Principal Financial and Accounting Officer)
|
|
|
|
|
|
|
|
|
|
/s/ Dror J. Abramov
|
|
Director
|
|
June 12, 2026
|
|
Dror J. Abramov
|
|
|
|
|
|
|
|
|
|
|
|
/s/ Ruth Alon
|
|
Director
|
|
June 12, 2026
|
|
Ruth Alon
|
|
|
|
|
|
|
|
|
|
|
|
/s/ Avner Lushi
|
|
Director
|
|
June 12, 2026
|
|
Avner Lushi
|
|
|
|
|
|
|
|
|
|
|
|
/s/ Shlomo Noy
|
|
Director
|
|
June 12, 2026
|
|
Shlomo Noy
|
|
|
|
|
|
|
|
|
|
|
|
/s/ Amnon Peled
|
|
Director
|
|
June 12, 2026
|
|
Amnon Peled
|
|
|
|
|
|
|
By:
|
/s/ Donald J. Puglisi
|
|
|
|
Name: Donald J. Puglisi
Title: Authorized Representative
|