Todos Medical Announces Insolvency Proceedings in Israel - Seite 3

If the above plan is approved by the Court of Insolvency, the Company believes it will result in the settlement of all outstanding Todos-related liabilities and create substantial value for shareholders. The Company has informed the Trustee, as well as its secured and unsecured debt holders, that it requires approximately $1,000,000 in an immediate capital infusion by December 29, 2023 to satisfy the NLC license maintenance requirements with 3CL Pharma, to launch the 3CL Pharma crowdfunding campaign, and settle the Company’s most urgent outstanding liabilities, including monies owed to Mr. Zigdon. In the event Company is unable to secure this capital, it will result in the forced liquidation of the Company’s assets and the termination of the license agreement between 3CL Pharma USA, Inc. and NLC Pharma. The Company is currently awaiting a response from the trustee in this matter, and is actively engaged in discussions with secured and unsecured debt holders to source the capital needed.

Regardless of the outcome of the matters before the Court of Insolvency in Israel, Todos Medical and NLC Pharma are committed to ensuring that all customers who have placed orders for Tollovid via www.mytollovid.com will receive their orders.

About Todos Medical Ltd.

Founded in Rehovot, Israel with offices in New York City, Todos Medical Ltd. (OTCQB: TOMDF) engineers life-saving diagnostic solutions for the early detection of a variety of cancers. The Company's state-of-the-art and patented Todos Biochemical Infrared Analyses (TBIA) is a proprietary cancer-screening technology using peripheral blood analysis that examines cancer's influence on the immune system, looking for biochemical changes in blood mononuclear cells and plasma. Todos’ two internally developed cancer-screening tests, TMB-1 and TMB-2 have received a CE mark in Europe. Todos recently acquired U.S.-based medical diagnostics company Provista Diagnostics, Inc. to gain rights to its Alpharetta, Georgia-based CLIA/CAP certified lab currently performing PCR COVID testing, Long COVID Panel analyses, and Provista's\ proprietary commercial-stage Videssa breast cancer blood test. More information on Provista is available at www.provistadx.com.