secwatch.observer — SEC 8-K summary
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Issuer:     Lifeward Ltd. (LFWD)
CIK:        0001607962
Form:       8-K
Filed at:   2023-08-09T23:59:59+00:00
Accession:  0001178913-23-002776
Event type: m_and_a
Sentiment:  positive
Materiality: 0.75
Item codes: 1.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

ReWalk Robotics to acquire AlterG for ~$19M cash; expected close Aug 11, 2023
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- Cash purchase price of ~$19M subject to customary adjustments; earnouts based on AlterG's future revenue growth.
- AlterG generated $20M revenue in FY2022 with positive operating profit.
- AlterG CEO Charles Remsberg to join ReWalk as Chief Sales Officer post-closing.
- Transaction expected to close on August 11, 2023, subject to customary conditions.
- Combined company aims to expand rehabilitation product portfolio and accelerate path to profitability.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1607962/000117891323002776/0001178913-23-002776-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1607962/000117891323002776/zk2330133.htm
  HTML page:      https://secwatch.observer/filing/0001178913-23-002776

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer