Haddad Eliyahu 4

4 · Dror Ortho-Design, Inc. · Filed Sep 27, 2023

Form 4

Period: 2023-09-13

DirectorChief Executive Officer

Transactions

Award
Series A Convertible Preferred Stock
2023-09-13$1.10/sh+454,545.45$500,000→ 454,545.45 total
Exercise: $0.01→ Common Stock (45,454,545 underlying)
Award
Common Warrants
2023-09-13+45,454,545→ 45,454,545 total
Exercise: $0.03→ Common Stock (45,454,545 underlying)

Footnotes (4)

[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]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").
[F4]Warrants expire on the fifth anniversary of the Initial Exercise Date.

Documents

1 file