Dror Ortho-Design raises $275,000 via private placement of debentures due June 2026

Dror Ortho-Design, Inc.

Aggregate $275,000 principal, 0% interest, due June 28, 2026; holder can extend maturity in 60-day increments.
Debentures automatically convert into common stock at the per-share price of a future public offering if prior to maturity.
Upon public offering, purchasers receive warrants: 150% of conversion shares if debentures outstanding, else 100%; 5-year term.
Warrants exercise price equals public offering price; subject to 4.99% beneficial ownership cap.
Company may prepay debentures at any time before maturity with prior notice.

Key facts

Extracted from this filing and checked against the source text.

Equity Issuances SEC 8-K Item 3.02/3.03 confidence 0.9

Dror Ortho-Design, Inc. issued convertible note to purchasers signatory to the Securities Purchase Agreement for an aggregate principal amount of $275,000.

Security: convertible note
Purchaser: purchasers signatory to the Securities Purchase Agreement
Consideration: an aggregate principal amount of $275,000

Exact text from the filing

the Company agreed to sell to the Purchasers in a private placement (the “Private Placement”), Debentures (the “Debentures”) in an aggregate principal amount of $275,000

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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Dror Ortho-Design, Inc. entered into Securities Purchase Agreement with each of the purchasers signatory thereto (effective 2026-04-28).

Action: entry
Agreement: equity purchase
Counterparty: each of the purchasers signatory thereto
Effective: 2026-04-28

Exact text from the filing

On April 28, 2026, Dror Ortho-Design, Inc., a Delaware corporation (the “Company”), entered into a Securities Purchase Agreement (the “Purchase Agreement”) with each of the purchasers signatory thereto (each, a “Purchaser” and, collectively the “Purchasers”).

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Dror Ortho-Design, Inc. filing history →

Source: SEC EDGAR

accession 0001213900-26-050937

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