Report of Foreign Issuer (6-k)
January 12 2017 - 2:31PM
Edgar (US Regulatory)
UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
W
ashington,
D.C.
20549
FORM
6-K
Report
of Foreign Private Issuer
Pursuant
to Rule 13a-16 or 15d-16
of the
Securities Exchange Act of 1934
For
the month of January 2017
Commission
File Number: 001-37643
KITOV
PHARMACEUTICALS HOLDINGS
LTD.
(Translation
of registrant's name into English)
One
Azrieli Center, Round Tower, 23
rd
Floor,
132
Menachem Begin Road, Tel Aviv 6701101, Israel
(Address
of principal executive offices)
Indicate
by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.
Form
20-F ☒ Form 40-F ☐
Indicate
by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): ____
Indicate
by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): ____
Kitov
Pharmaceuticals Holdings Ltd. (the “Company” or the “Registrant”) is announcing as follows:
|
1)
|
On
January 12, 2017, the Company issued a Press Release: “
Kitov Enters Immuno-Oncology
Field Through Acquisition of TyrNovo
”, which is attached hereto as Exhibit
99.1.
|
In
connection with the transaction for the acquisition of a controlling stake in TyrNovo Ltd., a privately held Israeli company,
the Company will pay cash proceeds of $2 million and issue 11,292,508 Ordinary Shares of the Company to Goldman Hirsh Partners
Ltd. as consideration for 9,570 ordinary shares in TyrNovo Ltd, representing a holding of approximately 56% of TyrNovo. The transaction
was signed on January 12, 2017, and is expected to close on January 13, 2017.
Following
the closing of the aforesaid initial acquisition, Kitov anticipates that it may acquire additional equity stakes in TyrNovo from
all or part of TyrNovo’s additional minority shareholders for consideration consisting of Ordinary Shares of Kitov,
in such amounts as to be agreed with the applicable shareholders.
The
Ordinary Shares of the Company will be issued to Goldman Hirsh Partners Ltd. on a private placement basis in Israel pursuant to
exemptions from the prospectus requirements under applicable Israeli securities laws and from the registration requirements of
the United States Securities Act of 1933, as amended (the “U.S. Securities Act”). Any additional Ordinary Shares of
the Company which may be issued to any additional shareholders of TyrNovo Ltd., will also only be offered and issued on a private
placement basis in Israel pursuant to exemptions from the prospectus requirements under applicable Israeli securities laws and
from the registration requirements of the U.S. Securities Act.
The
securities offered have not been, and will not be, registered under the U.S. Securities Act or any U.S. state securities laws,
and may not be offered or sold in the United States or to, or for the account or benefit of, United States persons absent registration
or any applicable exemption from the registration requirements of the U.S. Securities Act and applicable U.S. state securities
laws. This release does not constitute an offer to sell or the solicitation of an offer to buy securities in the United States,
nor in any other jurisdiction.
This
Form 6-K is incorporated by reference into each of the Registrant’s Registration Statements on Form F-3 filed with the Securities
and Exchange Commission on December 12, 2016 (Registration file numbers 333-207117, 333-211477 and 333-215037) and the
Registrant’s Registration Statement on Form S-8 filed with the Securities and Exchange Commission on May 20, 2016 (Registration
file number 333-211478).
SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf
by the undersigned, thereunto duly authorized.
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KITOV
PHARMACEUTICALS HOLDINGS LTD.
|
|
|
January
12, 2017
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By:
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/s/Avraham
Ben-Tzvi
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|
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Avraham
Ben-Tzvi
|
|
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General
Counsel & Company Secretary
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3
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