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In a recent transaction reported to the U.S. Securities and Exchange Commission, Y.D. More Investments Ltd, a significant stakeholder in Odysight.ai Inc. (NASDAQ:ODYS), disclosed the sale of 2,400 shares of the company’s common stock. The shares were sold at a price of $6.46 each, amounting to a total transaction value of $15,504. According to InvestingPro data, ODYS has demonstrated strong performance with a ~10% return over the past week and an impressive ~31% gain over the last year. Following this sale, Y.D. More Investments Ltd continues to hold a substantial position in Odysight.ai, with 584,332 shares remaining under its management. These shares are held indirectly through More Investment House Portfolio Management Ltd.
The Form 4 filing also included holdings that were not subject to recent transactions, providing additional context on the investment firm’s overall position in Odysight.ai.
In other recent news, Odysight.ai Inc. has successfully completed the exercise of its over-allotment option, raising approximately $23.7 million in gross proceeds. This financial move followed the company’s recent public offering, allowing the sale of an additional 345,432 shares at $6.50 per share. The total number of shares sold now stands at 3,653,124. The funds raised from this over-allotment are expected to support the company’s ongoing development and potential expansion efforts. This development reflects investor confidence in Odysight.ai’s market position and future prospects. The completion of this financial event was detailed in a Form 8-K filing with the SEC, marking the official close of the over-allotment option. These recent developments provide investors with important financial updates about Odysight.ai.
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