SCHEDULE 13G: Moshe Arkin and M. Arkin (1999) Ltd. Disclose Significant Stake in Odysight.ai Inc.
Beneficial Ownership Disclosure
Moshe Arkin and M. Arkin (1999) Ltd. have jointly disclosed beneficial ownership of 41.9% and 19.4% respectively, in Odysight.ai Inc.'s common stock as of February 10, 2025.
Summary
- Moshe Arkin beneficially owns 7,926,329 shares of Odysight.ai Inc. common stock, representing 41.9% of the outstanding shares as of February 10, 2025.
- Moshe Arkin's ownership includes 2,352,941 shares held by Phoenix Insurance Company Ltd. on his behalf, 17,500 vested or exercisable options within 60 days, 2,352,941 currently exercisable warrants held by Phoenix Insurance Company Ltd., and the 3,202,947 shares held by M. Arkin (1999) Ltd.
- M. Arkin (1999) Ltd. beneficially owns 3,202,947 shares of Odysight.ai Inc. common stock, representing 19.4% of the outstanding shares as of February 10, 2025.
- M. Arkin (1999) Ltd.'s ownership consists of 2,959,143 common shares, 21,581 vested or exercisable options within 60 days, and 222,223 currently exercisable warrants.
- Moshe Arkin serves as the Chairman and sole shareholder of M. Arkin (1999) Ltd., leading to his deemed beneficial ownership of the shares held by the company.
- The total number of Odysight.ai Inc. common shares issued and outstanding as of February 10, 2025, was 16,302,320.
Sentiment
Score: 6
Explanation: The filing indicates a substantial and consolidated beneficial ownership by Moshe Arkin and his affiliated entity, which can be viewed positively by investors as it suggests strong alignment of interests. However, as a Schedule 13G, it is primarily a factual disclosure of ownership and does not contain performance or forward-looking statements that would significantly sway sentiment.
Positives
- Significant beneficial ownership by a key individual (Moshe Arkin) and his affiliated entity (M. Arkin (1999) Ltd.) indicates strong alignment of interests with the company's performance.
- Moshe Arkin's substantial 41.9% stake suggests a considerable commitment to Odysight.ai Inc.
Future Outlook
NA
Industry Context
NA
Related Party Transactions
- Moshe Arkin is the Chairman and sole shareholder of M. Arkin (1999) Ltd., and his beneficial ownership includes the shares held by M. Arkin (1999) Ltd., establishing a related party relationship in terms of shareholding.
Stakeholder Impact
- Shareholders: The significant beneficial ownership by Moshe Arkin and M. Arkin (1999) Ltd. may be viewed positively, indicating strong insider commitment and potentially aligning interests with minority shareholders.
- Management: The substantial stake held by a key individual like Moshe Arkin could influence strategic decisions and corporate direction.
Key Dates
| Date | Description |
|---|---|
| 02/10/2025 | Date of event which requires filing of this statement; also the date as of which beneficial ownership percentages are calculated based on 16,302,320 shares outstanding. |
| 03/06/2025 | Date of signing and filing of the Schedule 13G statement and the Joint Filing Agreement. |
Keywords
Odysight.ai Inc., Common Stock, Schedule 13G, Beneficial Ownership, Moshe Arkin, M. Arkin (1999) Ltd., SEC Filing, Equity Stake, Shareholding
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