secwatch.observer — SEC 8-K summary
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Issuer:     Dror Ortho-Design, Inc. (DROR)
CIK:        0001282980
Form:       8-K
Filed at:   2023-08-14T23:59:59+00:00
Accession:  0001387131-23-009791
Event type: m_and_a
Sentiment:  neutral
Materiality: 1.00
Item codes: 1.01, 2.01, 9.01, 3.02, 3.03, 5.03, 4.01, 5.01, 5.02, 5.06
LLM model:  deepseek-v4-flash:cloud@v2

Novint shell completes reverse merger with Dror Ortho-Design; raises $5.0M private placement
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1282980/000138713123009791/0001387131-23-009791-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1282980/000138713123009791/novint_8k-081423.htm
  HTML page:      https://secwatch.observer/filing/0001387131-23-009791

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