Extracted from this filing and checked against the source text.
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
Odysight.ai Inc. entered into Stock Purchase Agreements with Moshe Arkin (through his individual retirement account), The Phoenix Insurance Company Ltd., and Shotfut Menayot Israel – Phoenix Amitim valued at approximately US$14,000,000 (effective 2023-03-16).
- Action
- entry
- Agreement
- equity purchase
- Counterparty
- Moshe Arkin (through his individual retirement account), The Phoenix Insurance Company Ltd., and Shotfut Menayot Israel – Phoenix Amitim
- Value
- approximately US$14,000,000
- Effective
- 2023-03-16
Exact text from the filing
On March 16, 2023 (the “Closing Date”), ScoutCam Inc. (the “Company”) entered into and consummated Stock Purchase Agreements (the “Purchase Agreements”) for a private placement (the “Private Placement”) with (i) Moshe Arkin through his individual retirement account (“Arkin”) and (ii) The Phoenix Insurance Company Ltd. (“Phoenix Insurance”) and Shotfut Menayot Israel – Phoenix Amitim (“Phoenix Amitim”), in connection with the sale and issuance of an aggregate of 3,294,117 units (collectively, the “Units”), at a purchase price of US$4.25 per Unit, and for an aggregate purchase price of approximately US$14,000,000.
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