Kadimastem Ltd. (TASE:KDST) announced that it entered into a convertible bridge loan agreement to receive ILS 2.5 million in funding on November 8, 2016. The transaction will include participation from three shareholders of the company, board members, Julien Ruggeri, Abraham Meizler, and Michel Revel. The loan will be converted into ordinary shares of the company through a rights offering on or before December 31, 2016. The loan will be granted without conditions, interest or underlying. The board of directors have approved the transaction.