Kadimastem Ltd announced that it has entered into an agreement with with new investor Alpha Capital Anstalt and Julian Rogeri to issue convertible loan for the gross proceed of ILS 6,783,000 on October 16, 2023. The loan fund will bear interest at an annual rate of 10% not indexed. .

A total of ILS 5,000,000 from Alpha Fund and ILS 1,783,000 from Julian Rogery will be invested by the investors up to 7 days after the fulfillment of all the conditions and will end, unless extended as detailed below, no later than 15 months from the first completion date. The company will have the right to demand from the investors the extension of the period by an additional period of 6 months, provided that the company gave notice of this no later than 14 days before the loan repayment date