{"schema_version":"secwatch.filing_event.v1","accession":"0001387131-23-009791","form_type":"8-K","ticker":"DROR","cik":"0001282980","company_name":"Dror Ortho-Design, Inc.","filed_at":"2023-08-14T23:59:59+00:00","discovered_at":"2026-05-14T18:03:33.431638+00:00","generated_at":"2026-06-11T10:19:30.305545+00:00","sec_items":["1.01","2.01","9.01","3.02","3.03","5.03","4.01","5.01","5.02","5.06"],"event_type":"m_and_a","sentiment":"neutral","materiality_score":1.0,"calibrated_materiality_score":1.0,"confidence":"high","headline":"Novint shell completes reverse merger with Dror Ortho-Design; raises $5.0M private placement","bullets":["Private Dror shareholders exchanged 235,088 shares for 7,576,999 Series A Preferred and 106,782,187 common shares.","Concurrent private placement raised $5,025,000 gross proceeds; potential to increase to $6,000,000.","New board: Eliyahu Haddad (CEO), Chaim Hurvitz (Chairman), Moshe Shvets (CTO), Chaim Ravad, Yehuda Englander.","Company now operates Dror Ortho-Design's AI-powered pulsating-air orthodontic aligner business; FDA-cleared Aerodentis System.","Post-merger shares outstanding: 495,454,546; ownership: 22% Private Dror shareholders, 41% legacy Novint, 38% new investors."],"urls":{"canonical":"https://secwatch.observer/filing/0001387131-23-009791","json":"https://secwatch.observer/filing/0001387131-23-009791.json","markdown":"https://secwatch.observer/filing/0001387131-23-009791.md","text":"https://secwatch.observer/filing/0001387131-23-009791.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1282980/000138713123009791/0001387131-23-009791-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1282980/000138713123009791/novint_8k-081423.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-11T10:19:30.305545+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":"8a00d3c7aa08b8b5117441b29db25886f91d5b35","claim":"Dror Ortho-Design, Inc.: Company changed its name to Dror Ortho-Design, Inc. via an amended charter (effective 2023-08-14).","evidence_excerpt":"On August 14, 2023, the Company filed the Amended Charter with the Secretary of State of the State of Delaware. The key amendment included in the Amended Charter was the change to the name of the Company to “Dror Ortho-Design, Inc.”","evidence_source":"SEC 8-K Item 5.03/5.05/5.06","evidence_url":"https://www.sec.gov/Archives/edgar/data/1282980/000138713123009791/0001387131-23-009791-index.htm","confidence":0.9,"family_label":"Governance Changes","details":[{"label":"Change","value":"charter amendment"},{"label":"Effective","value":"2023-08-14"}],"fact_type":"governance_change"},{"claim_id":"652b43ce2facf9770da320bdac2bda236e0ba827","claim":"Dror Ortho-Design, Inc. completed an acquisition involving shareholders of Private Dror (closed 2023-08-14).","evidence_excerpt":"on August 14, 2023, the shareholders of Private Dror transferred all of their ordinary shares in Private Dror to the Company in exchange for 7,576,999 newly issued shares of Series A Convertible Preferred Stock, par value $0.0001 per share (the “Series A Preferred Stock”), of the Company and 106,782,187 shares of common stock, par value $0.0001 per share (the “Common Stock”). As a result of these share exchanges, Private Dror became a wholly owned subsidiary of the Company.","evidence_source":"SEC 8-K Item 2.01/5.01","evidence_url":"https://www.sec.gov/Archives/edgar/data/1282980/000138713123009791/0001387131-23-009791-index.htm","confidence":0.9,"family_label":"M&A Transactions","details":[{"label":"Action","value":"acquisition"},{"label":"Counterparty","value":"shareholders of Private Dror"},{"label":"Closing","value":"2023-08-14"}],"fact_type":"ma_transaction"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}