SCHEDULE 13G: Israeli Education Funds Disclose 5.03% Passive Stake in Odysight.ai Inc.
Beneficial Ownership Report
Two Israeli education funds, Kranot Hishtalmut Le Morim Ve Gananot Havera Menahelet LTD and Kranot Hishtalmut Le Morim Tichoniim Hevera Menahelet Ltd., have jointly disclosed a passive 5.03% beneficial ownership stake in Odysight.ai Inc.
Summary
- Kranot Hishtalmut Le Morim Ve Gananot Havera Menahelet LTD and Kranot Hishtalmut Le Morim Tichoniim Hevera Menahelet Ltd., both Israeli education funds, have filed a Schedule 13G.
- The filing reports a combined beneficial ownership of 820,737 shares of Odysight.ai Inc. Common Stock.
- This aggregate ownership represents 5.03% of Odysight.ai Inc.'s total outstanding Ordinary Shares, which were 16,302,320 as of February 14, 2025.
- Kranot Hishtalmut Le Morim Ve Gananot Hevera Menahelet Ltd. manages mutual funds holding 624,737 shares (3.83% of outstanding shares).
- Kranot Hishtalmut Le Morim Tichoniim Hevera Menahelet Ltd. manages provident funds holding 196,000 shares (1.20% of outstanding shares).
- The reporting persons certify that the securities were acquired and are held for investment purposes and not with the intent to change or influence the control of Odysight.ai Inc.
Sentiment
Score: 6
Explanation: The filing indicates a significant passive institutional investment in Odysight.ai Inc., which can be viewed as a vote of confidence from the reporting funds. However, as a routine ownership disclosure, it does not contain operational or financial performance updates, thus maintaining a largely neutral to slightly positive sentiment.
Positives
- The disclosure of a significant 5.03% passive stake by institutional education funds indicates a notable investment and potential confidence in Odysight.ai Inc.
Risks
- The reporting persons disclaim beneficial ownership of the securities, stating that any economic interest or beneficial ownership is held for the benefit of the members of the education funds, which is standard for such filings.
Future Outlook
This document is a historical ownership disclosure and does not contain forward-looking statements or guidance regarding Odysight.ai Inc.'s future performance or operations.
Management Comments
- "By signing below I certify that, to the best of my knowledge and belief, 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 ยงยง 240.14a-11."
Industry Context
This filing represents a routine disclosure of a passive institutional investment, indicating that these Israeli education funds have taken a significant stake in Odysight.ai Inc. It suggests growing institutional interest in the company, though it does not provide broader industry trends or competitive analysis.
Comparison to Industry Standards
- A 5.03% stake represents a notable passive institutional holding, indicating a significant investment by these education funds in Odysight.ai Inc. Without specific industry benchmarks for Odysight.ai's sector or detailed institutional ownership profiles of comparable companies, a direct quantitative comparison of this stake's size against industry standards is not feasible based solely on this document.
Stakeholder Impact
- Shareholders: The disclosure of a significant institutional stake might increase investor confidence and potentially attract further institutional interest in Odysight.ai Inc.
- Employees, Customers, Suppliers, Creditors: No direct impact on these stakeholders is indicated by this beneficial ownership filing.
Next Steps
- The reporting persons will be required to file amendments to this Schedule 13G if there are material changes to their beneficial ownership, such as crossing another 1% threshold (up or down) or if their investment intent changes from passive to active.
Key Dates
| Date | Description |
|---|---|
| 02/14/2025 | Date of the event which required the filing of this statement (beneficial ownership crossing the 5% threshold). |
| 02/20/2025 | Date of signing the Schedule 13G and the Joint Filing Agreement by the reporting persons. |
Keywords
Odysight.ai, Schedule 13G, beneficial ownership, institutional investment, common stock, Kranot Hishtalmut, SEC filing, Israel, education funds
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