---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-23-008011"
form_type: "8-K"
ticker: "ODYS"
cik: "0001577445"
company_name: "Odysight.ai Inc."
filed_at: "2023-03-17T23:59:59+00:00"
generated_at: "2026-06-17T23:34:33.839180+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# ScoutCam closes $14M private placement of equity units with existing investors

## Summary
- Issued 3,294,117 units at $4.25/unit, each unit = 1 common share + 1 warrant (exercise $5.50, 3-year term).
- Purchasers: Moshe Arkin (board member), The Phoenix Insurance Co., and Phoenix Amitim; total gross proceeds ~$14M.
- Proceeds to be used for working capital and advancing predictive maintenance and condition-based monitoring technology.
- No placement agent fees; company to file resale registration statement with SEC within 120 days.

## SEC filing metadata
- accession: 0001493152-23-008011
- form_type: 8-K
- ticker: ODYS
- cik: 0001577445
- company_name: Odysight.ai Inc.
- filed_at: 2023-03-17T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 3.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1577445/000149315223008011/0001493152-23-008011-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1577445/000149315223008011/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-23-008011
- JSON: https://secwatch.observer/filing/0001493152-23-008011.json
- Plain text: https://secwatch.observer/filing/0001493152-23-008011.txt

## Key facts
- Material Agreements
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1577445/000149315223008011/0001493152-23-008011-index.htm

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