---
schema_version: "secwatch.filing_event.v1"
accession: "0001387131-23-011287"
form_type: "8-K"
ticker: "DROR"
cik: "0001282980"
company_name: "Dror Ortho-Design, Inc."
filed_at: "2023-09-18T23:59:59+00:00"
generated_at: "2026-06-10T14:31:50.889167+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Dror Ortho-Design raises $200K in second closing of private placement; issues preferred stock and warrants

## Summary
- Second closing on Sept 13, 2023: sold 181,818.17 preferred shares and 18,181,817 warrants.
- Gross proceeds of $200,000 from the second closing; effective price $0.011/share.
- Warrants exercisable at $0.033 per share for five years.
- Securities issued under Reg S/Reg D exemptions; unregistered and restricted.

## SEC filing metadata
- accession: 0001387131-23-011287
- form_type: 8-K
- ticker: DROR
- cik: 0001282980
- company_name: Dror Ortho-Design, Inc.
- filed_at: 2023-09-18T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 3.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1282980/000138713123011287/0001387131-23-011287-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1282980/000138713123011287/dror_8k-091323.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001387131-23-011287
- JSON: https://secwatch.observer/filing/0001387131-23-011287.json
- Plain text: https://secwatch.observer/filing/0001387131-23-011287.txt

## Key facts
- Material Agreements
  Dror Ortho-Design, Inc. entered into Securities Purchase Agreement with certain investors valued at aggregate gross proceeds of $200,000 (effective 2023-08-14).
  - Action: entry
  - Agreement: equity purchase
  - Counterparty: certain investors
  - Value: aggregate gross proceeds of $200,000
  - Effective: 2023-08-14
  source text: On August 14, 2023, Dror Ortho-Design, Inc. (the “"Company”) entered into a Securities Purchase Agreement (the “Securities Purchase Agreement”) with certain investors
  evidence_url: https://www.sec.gov/Archives/edgar/data/1282980/000138713123011287/0001387131-23-011287-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.