secwatch.observer — SEC 8-K summary
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Issuer:     Dror Ortho-Design, Inc. (DROR)
CIK:        0001282980
Form:       8-K
Filed at:   2026-05-01T23:59:59+00:00
Accession:  0001213900-26-050937
Event type: debt
Sentiment:  neutral
Materiality: 0.15
Item codes: 1.01, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1282980/000121390026050937/0001213900-26-050937-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1282980/000121390026050937/ea0288573-8k_dror.htm
  HTML page:      https://secwatch.observer/filing/0001213900-26-050937

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