Y.D. more investments sells $3,815 in Odysight.ai stock

On April 9, Y.D. More Investments Ltd, a significant shareholder in Odysight.ai Inc. (NASDAQ:ODYS), sold 650 shares of the company's common stock. The shares were sold at $5.87 each, totaling $3,815. The stock currently trades at $6.05, near its 52-week range of $5.01-$10.80, with relatively low trading volume averaging 20,000 shares daily. Following the transaction, Y.D. More Investments holds 581,402 shares indirectly through More Investment House Portfolio Management Ltd.

The transaction was part of a broader portfolio management strategy by Y.D. More Investments, which continues to hold substantial positions in Odysight.ai through various subsidiaries, including More Provident Funds & Pension Ltd. and More Mutual Funds Management (2013) Ltd.

Odysight.ai, based in Scottsdale, Arizona, operates in the optical instruments and lenses sector. The company, formerly known as ScoutCam Inc. and Intellisense Solutions Inc., has undergone several transformations over the years, adapting to the evolving tech landscape. While revenue grew 30.7% in the last twelve months, InvestingPro analysis reveals additional key metrics and insights about the company's valuation and growth prospects. Unlock 6 more exclusive ProTips and comprehensive financial analysis with an InvestingPro subscription.

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 was part of the company's recent public offering, allowing the sale of an additional 345,432 shares of common stock at $6.50 per share. The total number of shares sold now amounts to 3,653,124, as reported in a Form 8-K filing with the Securities and Exchange Commission. The funds raised are expected to bolster the company's capital, supporting its ongoing development and potential expansion efforts. This development reflects investor confidence in Odysight.ai's market position and future prospects. The official close of the over-allotment option was on February 14, 2025, further detailed in the company's press release and SEC filing. Odysight.ai, previously known as ScoutCam Inc. and Intellisense Solutions Inc., is headquartered in Omer, Israel, with operations in Scottsdale, Arizona. These recent developments are crucial for investors tracking the company's financial health and strategic growth.

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