{"schema_version":"secwatch.filing_event.v1","accession":"0001387131-23-008364","form_type":"8-K","ticker":"DROR","cik":"0001282980","company_name":"Dror Ortho-Design, Inc.","filed_at":"2023-07-11T23:59:59+00:00","discovered_at":"2026-05-14T18:03:33.431371+00:00","generated_at":"2026-06-13T09:49:54.364662+00:00","sec_items":["1.01","9.01"],"event_type":"m_and_a","sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Novint enters share exchange to acquire Dror Ortho-Design; each Dror share exchanged for 1.05B preferred shares","bullets":["Each Dror ordinary share exchanged for 1,048,585,364 shares of Novint Series A Convertible Preferred Stock.","Dror options and Series A-4 warrants converted into options/warrants for Novint common stock at $0.033 exercise price.","Closing conditioned on Private Placement raising at least $5M; expected within 3 business days after conditions met.","Certain Dror shareholders subject to Lock-Up Agreement: no transfers for 24 months after closing or 12 months after uplisting.","Dror becomes wholly owned subsidiary; exchange intended as tax-deferred under Section 351 of the Internal Revenue Code."],"urls":{"canonical":"https://secwatch.observer/filing/0001387131-23-008364","json":"https://secwatch.observer/filing/0001387131-23-008364.json","markdown":"https://secwatch.observer/filing/0001387131-23-008364.md","text":"https://secwatch.observer/filing/0001387131-23-008364.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1282980/000138713123008364/0001387131-23-008364-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1282980/000138713123008364/novint-8k_070523.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-13T09:49:54.364662+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"6d00debaf1107b30ea61407b27501593a58f8b02","claim":"Dror Ortho-Design, Inc. entered into Share Exchange Agreement with Dror Ortho-Design Ltd. valued at Share exchange for 1,048,585,364 shares of Preferred Stock; assumption of Dror's outstanding share o (effective 2023-07-05).","evidence_excerpt":"On July 5, 2023, Novint Technologies, Inc. (the “ Company ”) entered into a Share Exchange Agreement (the “ Exchange Agreement ”) by and among the Company, Dror Ortho-Design Ltd., a company incorporated under the laws of the State of Israel (“ Dror ”) and the shareholders of Dror.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1282980/000138713123008364/0001387131-23-008364-index.htm","confidence":0.95,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"merger"},{"label":"Counterparty","value":"Dror Ortho-Design Ltd."},{"label":"Value","value":"Share exchange for 1,048,585,364 shares of Preferred Stock; assumption of Dror's outstanding share o"},{"label":"Effective","value":"2023-07-05"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}