Microvast Holdings announces departure of chief financial officer
Y.D. More Investments Ltd, a ten-percent owner of Odysight.ai Inc (NASDAQ:ODYS), sold 500 shares of common stock on July 22, 2025, according to a Form 4 filing with the Securities and Exchange Commission. The shares were sold at a price of $4.80, totaling $2,400. The sale comes amid a challenging period for ODYS, which has seen its stock decline by 45% over the past six months. According to InvestingPro data, the company’s next earnings report is scheduled for August 7, 2025.
Following the transaction, Y.D. More Investments Ltd directly owns 580,102 shares of Odysight.ai. The filing also noted holdings of common stock by More Provident Funds & Pension Ltd., with 460,661 shares and 715,140 shares. Additionally, More Provident Funds & Pension Ltd. holds warrants to purchase 432,099 shares of common stock, exercisable at $10.35, expiring on March 31, 2026.
The filing clarifies that the reported securities are beneficially owned by Y.D. More Investments Ltd and its subsidiaries. The economic interest in a portion of the securities is held for the benefit of public investors or members in mutual funds, investment portfolios, investment funds, and exchange-traded funds managed by the subsidiaries. The company disclaims beneficial ownership of these securities except to the extent of their respective pecuniary interests. Get deeper insights into ODYS’s financial health, valuation metrics, and more exclusive analysis with InvestingPro.
In other recent news, Odysight.AI Inc. reported its first-quarter earnings for 2025, with revenue surpassing expectations. The company highlighted a strategic shift towards Aerospace and Defense (A&D) and Industrial Technology, marking a significant transition in its business focus. Despite this shift, Odysight.AI’s sequential backlog remained flat, even with the inclusion of its remaining legacy healthcare asset in the first-quarter results. This move is part of the company’s strategy to streamline operations and concentrate on specific sectors. Benchmark analysts have maintained their Buy rating on Odysight.AI, reiterating a $10.00 price target. The analysts emphasized the company’s strong revenue performance and strategic realignment as positive indicators for future growth. These developments reflect Odysight.AI’s aggressive push into new markets, aiming to solidify its position in the A&D and Industrial Technology sectors.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.