---
schema_version: "secwatch.filing_event.v1"
accession: "0001178913-23-002836"
form_type: "8-K"
ticker: "LFWD"
cik: "0001607962"
company_name: "Lifeward Ltd."
filed_at: "2023-08-11T23:59:59+00:00"
generated_at: "2026-06-11T14:34:40.265375+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# ReWalk closes $19M acquisition of AlterG; names former AlterG CEO as CSO

## Summary
- 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.

## SEC filing metadata
- accession: 0001178913-23-002836
- form_type: 8-K
- ticker: LFWD
- cik: 0001607962
- company_name: Lifeward Ltd.
- filed_at: 2023-08-11T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1607962/000117891323002836/0001178913-23-002836-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1607962/000117891323002836/zk2330158.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001178913-23-002836
- JSON: https://secwatch.observer/filing/0001178913-23-002836.json
- Plain text: https://secwatch.observer/filing/0001178913-23-002836.txt

## Key facts
- M&A Transactions
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1607962/000117891323002836/0001178913-23-002836-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.