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Vaxil reverses onto Tel Aviv stock exchange

This article was originally published in Scrip

Executive Summary

Israeli firm Vaxil BioTherapeutics has made its debut on the Israeli stock market having completed a reverse merger with Sheldonco, a 'shell' company traded on the Tel Aviv Stock Exchange. Vaxil will be fully acquired by Sheldonco with Vaxil shareholders receiving 56% of that company's share capital and increasing their holding up to 74% subject to milestone achievements.






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