Kadimastem Ltd. (TASE:KDST) announced that it has signed a memorandum of understanding for private placement of common shares with new investor Corestem, Inc. (KOSDAQ:A166480) for gross proceeds of $7,000,000 on December 7, 2016. The price per share will be determined at the time of signing the agreement according to the average share price during the period between signing the memorandum of understanding and signing of final agreement. The company expects to sign the final agreement on or before January 31, 2017.