secwatch.observer — SEC 8-K summary
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Issuer:     Odysight.ai Inc. (ODYS)
CIK:        0001577445
Form:       8-K
Filed at:   2024-07-15T23:59:59+00:00
Accession:  0001493152-24-027243
Event type: other_material
Sentiment:  positive
Materiality: 0.75
Item codes: 1.01, 3.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Odysight.ai secures $10.3M private placement of 2.14M shares at $4.80/share
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- Gross proceeds of $10.3M from 2,144,583 shares at $4.80 per share.
- Proceeds to fund working capital, purchase orders, and expansion in predictive maintenance.
- Placement includes board member Mori Arkin among new and existing investors.
- CEO Yehu Ofer cites recent purchase orders from Safran, Lockheed Martin, and Boeing.
- Shares issued under Regulation S, subject to transfer restrictions; not registered in U.S.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1577445/000149315224027243/0001493152-24-027243-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1577445/000149315224027243/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-027243

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