secwatch.observer — SEC 8-K summary
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Issuer:     Odysight.ai Inc. (ODYS)
CIK:        0001577445
Form:       8-K
Filed at:   2023-03-17T23:59:59+00:00
Accession:  0001493152-23-008011
Event type: other_material
Sentiment:  positive
Materiality: 0.70
Item codes: 1.01, 3.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1577445/000149315223008011/0001493152-23-008011-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1577445/000149315223008011/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-23-008011

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer