4//SEC Filing
Ravad Chaim 4
Accession 0001387131-23-011681
CIK 0001282980other
Filed
Sep 26, 8:00 PM ET
Accepted
Sep 27, 9:32 PM ET
Size
9.4 KB
Accession
0001387131-23-011681
Insider Transaction Report
Form 4
Ravad Chaim
Director
Transactions
- Award
Series A Convertible Preferred Stock
2023-08-14+2,150,945.54→ 2,150,945.54 totalExercise: $0.01→ Common Stock (215,094,554 underlying) - Award
Common Warrants
2023-08-14+228,251,826→ 228,251,826 totalExercise: $0.03→ Common Stock (228,251,826 underlying)
Footnotes (6)
- [F1]Shares of Series A Convertible Preferred Stock, par value $0.0001 per share and with a stated value of $1.10 per share (the "Preferred Stock") of Dror Ortho-Design, Inc. (formerly Novint Technologies, Inc.) (the "Company") shall be convertible, at any time and from time to time at the option of the Holder thereof, into shares of the company's common stock, par value $0.0001 per share (the "Common Stock") from and after the date the Company has reserved shares of Common Stock on behalf of the holders of the Preferred Stock.
- [F2]The Preferred Stock is perpetual and therefore has no expiration date.
- [F3]Pursuant to a Share Exchange Agreement, dated July 5, 2023 (as amended, the "Share Exchange Agreement"), by and among the Company, Dror Ortho-Design Ltd. ("Private Dror"), and the shareholders of Private Dror, the reporting person transferred 58,493 ordinary shares of Private Dror, representing all ordinary shares of Private Dror held by the reporting person, to the Company in exchange for shares of Preferred Stock (the "Share Exchange").
- [F4]Warrants will be exercisable from and after the date the Company has reserved shares of Common Stock on behalf of the holders of the warrants (the "Initial Exercise Date").
- [F5]Warrants expire on the fifth anniversary of the Initial Exercise Date.
- [F6]Pursuant to a Warrant Exchange Agreement, dated August 14, 2023, between the Company and the reporting person, simultaneously with the Share Exchange, warrants to purchase 62,071 ordinary shares of Private Dror, representing all warrants to purchase ordinary shares of Private Dror held by the reporting person, were cancelled, and the Company issued to the reporting person warrants to purchase shares of the Company's Common Stock with an exercise price of $0.033 per share (the "Warrant Exchange").
Documents
Issuer
Dror Ortho-Design, Inc.
CIK 0001282980
Entity typeother
Related Parties
1- filerCIK 0001993628
Filing Metadata
- Form type
- 4
- Filed
- Sep 26, 8:00 PM ET
- Accepted
- Sep 27, 9:32 PM ET
- Size
- 9.4 KB