Lifeward Ltd. (LFWD): M&A transaction — ReWalk closes $19M acquisition of AlterG; names former AlterG CEO as CSO

Lifeward Ltd.

Purchase price ~$19M cash, with two potential earnout payments based on AlterG revenue growth.
AlterG's anti-gravity systems used in 4,000+ facilities globally.
Charles Remsberg, former AlterG CEO, appointed ReWalk CSO; granted 200k RSUs vesting over 4 years.
Transaction closed August 11, 2023, as previously announced on August 8.

item 2.01 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

Lifeward Ltd. completed an acquisition involving AlterG, Inc. for $19 million in cash (closed 2023-08-11).

Action: acquisition
Counterparty: AlterG, Inc.
Consideration: $19 million in cash
Closing: 2023-08-11

Exact text from the filing

AlterG became an indirect and wholly owned subsidiary of the Company. The aggregate consideration paid by RRI at the Closing pursuant to the Agreement was approximately $19.0 million in cash (subject to customary adjustments for net working capital, indebtedness, cash, and transaction expenses). Following the Closing, the Agreement provides for two potential

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31 m&a transactions filed in the last 30 days. Browse all m&a transactions →

Lifeward Ltd. filing history →

Source: SEC EDGAR

accession 0001178913-23-002836

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