0001178913-16-004944.txt : 20160331 0001178913-16-004944.hdr.sgml : 20160331 20160331102051 ACCESSION NUMBER: 0001178913-16-004944 CONFORMED SUBMISSION TYPE: 6-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20160331 FILED AS OF DATE: 20160331 DATE AS OF CHANGE: 20160331 FILER: COMPANY DATA: COMPANY CONFORMED NAME: TIKCRO TECHNOLOGIES LTD CENTRAL INDEX KEY: 0001117095 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-COMMERCIAL PHYSICAL & BIOLOGICAL RESEARCH [8731] IRS NUMBER: 000000000 STATE OF INCORPORATION: L3 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 6-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-30820 FILM NUMBER: 161541907 BUSINESS ADDRESS: STREET 1: 126 YIGAL ALLON STREET CITY: TEL AVIV ISRAEL STATE: L3 ZIP: 67443 BUSINESS PHONE: 972 3696 2121 MAIL ADDRESS: STREET 1: 126 YIGAL ALLON STREET CITY: TEL AVIV ISRAEL STATE: L3 ZIP: 67443 FORMER COMPANY: FORMER CONFORMED NAME: TIOGA TECHNOLOGIES LTD DATE OF NAME CHANGE: 20000623 6-K 1 zk1618298.htm 6-K zk1618298.htm


 
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON 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 March 2016 (Report no. 1)
 
Commission File Number: 000-30820

TIKCRO TECHNOLOGIES LTD.
 
(Translation of registrant’s name into English)
 
7 Sapir Street, 5th floor, Nes Ziona 7403630 Israel
(Address of principal executive offices)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.
 
Form 20-F  x             Form 40-F o
 
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): N/A

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): N/A

Indicate by check mark whether by furnishing the information contained in this Form, the registrant is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.

Yes    o        No  x

If “Yes” is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): 82- N/A

 
 

 
CONTENTS

This report on Form 6-K of the Registrant consists of the following document, which is attached hereto and incorporated by reference herein:
 
Exhibit
 
Number
Description of Exhibit

99.1
Press release: Tikcro Technologies Reports Fourth Quarter and Year End 2015 Results, dated March 31, 2016.

 
 

 

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.
 
 
TIKCRO TECHNOLOGIES LTD.
 
       
Date: March 31, 2016
By:
/s/ Aviv Boim  
    Chief Executive Officer  
       
       
 
 
 
 

 

EXHIBIT INDEX

Exhibit
Number
 
Description of Exhibit
 
99.1
 
Press release: Tikcro Technologies Reports Fourth Quarter and Year End 2015 Results, dated March 31, 2016.



EX-99.1 2 exhibit_99-1.htm EXHIBIT 99.1 exhibit_99-1.htm


Exhibit 99.1
 
 
PRESS RELEASE
For more information contact:
 
 
Investor Relations
Garth Russell
KCSA Strategic Communications
(212) 896-1250
grussell@kcsa.com
 
 
Tikcro Technologies Reports Fourth Quarter and Year End 2015 Results
 
Tel Aviv, Israel, March 31, 2016 - Tikcro Technologies Ltd. (OTCQX: TIKRF) today reported financial results for the fourth quarter and the year ended December 31, 2015.
 
Aviv Boim, CEO of Tikcro, commented, “In the quarter, we continued to make progress with pre-clinical development of functional antibodies for cancer immune modulators. Leveraging a unique approach for the generation of antibodies, we aim to bring functional antibodies with exclusive blocking qualities to a number of targeted domains. In the quarter, we commenced research activities from our new facilities at the Kiryat Weizmann Science Park in Israel."
 
Net loss for the fourth quarter of 2015 was $205,000, or $0.02 per diluted share. Net loss for the full year ended December 31, 2015 was $885,000, or $0.10 per diluted share.
 
As of December 31, 2015, the company reported $8.6 million in cash and cash equivalents.  This cash balance includes gross proceeds from the capital raise in the fourth quarter of 2015 of $600,000 for 980,000 ordinary shares. As of December 31, 2015 the company reported 9,878,861 shares of common stock outstanding.
 
About Tikcro Technologies:
 
Tikcro Technologies Ltd. (OTCQX: TIKRF) supports early stage development in growth areas, with a focus on biotechnology projects originated in Israeli academic centers. Tikcro is engaged with development of certain antibodies selected and verified in pre-clinical trials with a focus on antibodies blocking of cancer immune modulator pathways. For more information about Tikcro, visit Tikcro’s website at www.tikcro.com.

Safe Harbor Statement
Certain of the statements contained herein may be considered forward-looking statements that involve risks and uncertainties including, but not limited to, risks related to our ability to raise financing and the risks related to early stage biotechnology projects, including, but not limited to, obtaining required licenses at reasonable commercial terms, the development, testing, regulatory approval and commercialization of our proposed products, intellectual property rights, competition, exposure to lawsuits and dependence on key suppliers and personnel. Such risks and uncertainties are set forth in the Company's SEC reports, including the Company's Form 20-F. Actual results may materially differ. Results of operations in any past period should not be considered indicative of the results to be expected for future periods.  We undertake no duty to update any forward-looking information.

 
 

 
Tikcro Technologies Ltd.
 Condensed Balance Sheets
(US dollars in thousands)
 
   
   December 31, 
2015
   
December 31, 
2014
 
   
Unaudited
   
Audited
 
Assets
           
Current assets
           
Cash and cash equivalents
  $ 8,560     $ 8,722  
Other receivables
    123       25  
Investment in BioCancell
    50       85  
     Total current assets
    8,733       8,832  
                 
    Property and equipment, net
    67       88  
                 
     Total assets
  $ 8,800     $ 8,920  
                 
Liabilities and Shareholders' Equity
       
         
Current liabilities
           
Other current liabilities
  $ 226     $ 184  
                 
Shareholders' equity
    8,574       8,736  
                 
Total liabilities and shareholders' equity
  $ 8,800     $ 8,920  

 
 

 
Tikcro Technologies Ltd.
Statements of Operations
(US dollars in thousands, except per share data)

 
   
Three Months Ended 
December 31,
   
Year Ended 
December 31
 
   
2015
   
2014
   
2015
   
2014
 
                         
Research and development expenses
  $ 25     $ 17     $ 247     $ 89  
                                 
General and administrative expenses, net
    179       101       609       348  
                                 
Total operating expenses
    204       118       856       437  
                                 
Operating loss
    (204 )     (118 )     (856 )     (437 )
                                 
Financial expenses, net
    (1 )     (171 )     (29 )     (240 )
                                 
Net loss
  $ (205 )   $ (289 )   $ (885 )   $ (677 )
                                 
Basic and diluted net loss per share
  $ (0.02 )   $ (0.03 )   $ (0.10 )   $ (0.08 )
                                 
Weighted average number of shares used computing basic and diluted loss per share
    8,848       8,837        8,840       8,832