SCHEDULE 13G: Congregation Ahavas Tzdokah Vchesed Discloses 6.44% Stake in DROR ORTHO-DESIGN INC.
Beneficial Ownership Report
Congregation Ahavas Tzdokah Vchesed Inc. has reported a beneficial ownership of 6.444% of DROR ORTHO-DESIGN INC.'s common stock, totaling 61,667,440 shares, as of November 14, 2024.
Summary
- Congregation Ahavas Tzdokah Vchesed Inc. filed a Schedule 13G with the SEC, disclosing its beneficial ownership of common stock in DROR ORTHO-DESIGN INC.
- As of November 14, 2024, the reporting entity beneficially owns 61,667,440 shares of DROR ORTHO-DESIGN INC.'s common stock.
- This ownership stake represents 6.444% of the total 956,997,116 shares issued and outstanding for DROR ORTHO-DESIGN INC. as of the same date, which was disclosed in the company's Form 10-Q.
- Congregation Ahavas Tzdokah Vchesed Inc. holds sole voting power and sole dispositive power over all 61,667,440 shares.
- The filing includes a certification that the securities were not acquired or held for the purpose of, or with the effect of, changing or influencing the control of the issuer.
Sentiment
Score: 5
Explanation: The document is a factual disclosure of beneficial ownership and does not contain positive or negative performance indicators or forward-looking statements that would influence sentiment.
Future Outlook
NA
Management Comments
- "The securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under §§ 240.14a-11."
Industry Context
NA
Stakeholder Impact
- Shareholders: The disclosure of a new significant beneficial owner holding over 5% of the common stock could be viewed positively, indicating confidence in the company by a new institutional investor, or it could signal potential future influence, even if the filing states no intent to control.
Key Dates
| Date | Description |
|---|---|
| 11/14/2024 | Date of the event which required the filing of this statement, and the date as of which 956,997,116 shares were issued and outstanding for DROR ORTHO-DESIGN INC. |
| 06/20/2025 | Date of signature for the Schedule 13G filing by Rabbi Nathan P. Erlich, President of Congregation Ahavas Tzdokah Vchesed Inc. |
Keywords
DROR ORTHO-DESIGN INC., Congregation Ahavas Tzdokah Vchesed Inc., Schedule 13G, beneficial ownership, common stock, SEC filing, equity stake, passive investment
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