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Silexion Therapeutics Corp

For the period ended Sep 30, 2024. Filed Nov 14, 2024.

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About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Sep 30, 2024 · Filed Nov 14, 2024

SLXN$0.15+1.0%Stored close · as of Nov 6, 2026
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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-Q

(Mark One)

☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES

EXCHANGE ACT OF 1934

For the quarterly period ended September 30,2024

☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES

EXCHANGE ACT OF 1934

For the transition period from to

Commission File No.001-40073

SILEXION THERAPEUTICS CORP

(Exact name of registrant as specified in its charter)

Cayman IslandsN/A
(State or other jurisdiction ofincorporation or organization)(I.R.S. EmployerIdentification No.)

12 Abba Hillel Road Ramat-Gan, Israel 5250606

(Address of Principal Executive Offices, including zip code)

+972-8-6286005

(Registrant’s telephone number, including area code)

2 Ha’ma’ayan Street Modi’in-Maccabim-Reut, 7177871

(Former name, former address and former fiscal year, if changed since last report)

Securities registered pursuant to Section 12(b) of the Act:

Title of each classTrading Symbol(s)Name of each exchange on which registered
Ordinary shares, par value $0.0001 per shareSLXNThe Nasdaq Stock Market LLC
Warrants exercisable for ordinary shares at an exercise price of $11.50 per shareSLXNWThe Nasdaq Stock Market LLC

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes ☒ No ☐

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes ☒ No ☐

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act.

☐Large accelerated filer☐Accelerated filer
☒Non-accelerated filer☒Smaller reporting company
☒Emerging growth company

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act): Yes ☐ No☒

As of November 13, 2024,14,427,814 ordinary shares, par value $0.0001 per share, of the registrant were issued and outstanding.

QUARTERLY REPORT ON FORM 10-Q

TABLE OF CONTENTS

Page
CERTAIN TERMSii
SPECIAL NOTE REGARDING FORWARD-LOOKING STATEMENTSiv
PART I - FINANCIAL INFORMATION1
Item 1.Financial Statements1
Condensed Consolidated Balance Sheets (unaudited)F-3
Condensed Consolidated Statements of Operations (unaudited)F-6
Condensed Consolidated Statements of Changes in Redeemable Convertible Preferred Shares and Capital Deficiency (unaudited)F-7
Condensed Consolidated Statements of Cash Flows (unaudited)F-9
Notes to the Condensed Consolidated Financial Statements (unaudited)F-11
Item 2.Management’s Discussion and Analysis of Financial Condition and Results of Operations2
Item 3.Quantitative and Qualitative Disclosures about Market Risk17
Item 4.Control and Procedures17
PART II - OTHER INFORMATION18
Item 1.Legal Proceedings18
Item 1A.Risk Factors18
Item 2.Unregistered Sales of Equity Securities and Use of Proceeds18
Item 3.Defaults Upon Senior Securities18
Item 4.Mine Safety Disclosures18
Item 5.Other Information18
Item 6.Exhibits18
SIGNATURES19

i

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