IPO - Odysight.ai Inc.

Form Type: 424B4

Filing Date: 2025-02-12

Corporate Action: Ipo

Type: New

Accession Number: 000149315225006045

Filing Summary: Odysight.ai Inc. is offering 3,307,692 shares of common stock at a public offering price of $6.50 per share, expected to raise approximately $21.5 million before expenses. The company's common stock is currently traded on the OTCQB and is set to be listed on the Nasdaq Capital Market under the symbol 'ODYS'. The offering involves an underwritten, firm commitment basis, with underwriters having a 30-day option to purchase additional shares to cover over-allotments. An affiliate of More Group and Sudoku Capital Ltd., both significant shareholders, have shown interest in purchasing up to $9 million in shares. The document outlines extensive risk factors associated with the investment, and it emphasizes the potential high risks involved. The expected delivery date for the shares is February 12, 2025, which overlaps with the filing date of the document.

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Form Type: 8-K

Filing Date: 2025-02-11

Corporate Action: Ipo

Type: New

Accession Number: 000149315225005907

Filing Summary: Odysight.ai Inc. entered into an Underwriting Agreement with The Benchmark Company, LLC on February 10, 2025, regarding the offering of 3,307,692 shares of common stock at a public offering price of $6.50 per share. The offering is projected to close on February 12, 2025, pending customary closing conditions, with net proceeds around $18.8 million intended for research and development, sales and marketing, and working capital. The registration statement on Form S-1 (File No. 333-283773) was declared effective on February 10, 2025. The company’s common stock will commence trading on the Nasdaq Capital Market on February 11, 2025, under the symbol 'ODYS', having previously been quoted on OTCQB until February 10, 2025. The Underwriting Agreement includes a 30-day option for underwriters to purchase an additional 496,153 shares and outlines the company's commitments for underwriting discounts, indemnifications, and lock-up periods for its executives and major shareholders.

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Form Type: CORRESP

Filing Date: 2025-02-06

Corporate Action: Ipo

Type: New

Accession Number: 000149315225005131

Filing Summary: Odysight.ai Inc. has submitted a request to the Securities and Exchange Commission for the acceleration of the effectiveness of its Registration Statement on Form S-1, originally filed on December 12, 2024. The company seeks to have the Registration Statement effective by 5:00 p.m. Eastern Time on February 10, 2025, or as soon as practicable thereafter. The request includes a provision for the company's counsel, Greenberg Traurig, P.A., to be notified of the effectiveness by telephone, and authorizes them to modify or withdraw the request as necessary. This indicates Odysight.ai's intention to proceed with its initial public offering (IPO).

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Form Type: CORRESP

Filing Date: 2025-02-06

Corporate Action: Ipo

Type: New

Accession Number: 000149315225005133

Filing Summary: Odysight.ai Inc. is requesting the effective date of its registration statement on Form S-1, filed on December 12, 2024, to be accelerated to February 10, 2025. This request is being made in accordance with Rule 461 under the Securities Act of 1933 to facilitate the initial public offering of the company's securities. The underwriters, represented by The Benchmark Company, LLC, have also ensured compliance with the distribution requirements outlined in Rule 460 and Rule 15c2-8 of the Securities Exchange Act of 1934. The letter is addressed to Nicholas O’Leary of the Division of Corporation Finance.

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Form Type: CORRESP

Filing Date: 2025-02-04

Corporate Action: Ipo

Type: New

Accession Number: 000149315225004760

Filing Summary: Odysight.ai Inc. is requesting the acceleration of the effectiveness of its Registration Statement on Form S-1, filed on December 12, 2024, under File No. 333-283773. The company aims for the registration to be effective by 5:00 p.m. Eastern Time on February 4, 2025, or as soon thereafter as practicable. They have authorized their counsel, Greenberg Traurig, P.A., to modify or withdraw this request as needed and ask to be notified of the registration's effectiveness by telephone.

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Form Type: CORRESP

Filing Date: 2025-02-04

Corporate Action: Ipo

Type: New

Accession Number: 000149315225004763

Filing Summary: Odysight.ai Inc. has requested that the effective date of its Registration Statement on Form S-1, filed on December 12, 2024, be accelerated to 5:00 p.m. Eastern Time on February 4, 2025. This request was made pursuant to Rule 461 under the Securities Act of 1933. The representative of the underwriters, The Benchmark Company, LLC, indicated compliance with the requirements of Rule 15c2-8 under the Securities Exchange Act of 1934. The document suggests an impending initial public offering of the company's securities.

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Form Type: S-1/A

Filing Date: 2025-01-31

Corporate Action: Ipo

Type: Update

Accession Number: 000149315225004350

Filing Summary: Odysight.ai Inc. is pursuing an initial public offering (IPO) through this filing, registering 2,529,411 shares of common stock with an assumed public offering price of $8.50 per share. The anticipated commencement of the offering is contingent upon the effectiveness of this registration statement with the SEC and the approval of listing on the Nasdaq Capital Market under the symbol 'ODYS'. Additionally, cornerstone investors have expressed interest in purchasing up to $9 million in shares, although such indications are not binding. The underwriters have a 30-day option to purchase an additional 379,411 shares for overallotments. Notably, this amendment signifies ongoing regulatory compliance and adjustments as the company moves forward with its public offering preparations, amidst financial performance evaluations and market interest considerations.

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Form Type: 8-A12B

Filing Date: 2025-01-28

Corporate Action: Ipo

Type: New

Accession Number: 000149315225004033

Filing Summary: Odysight.ai Inc. is registering its common stock, par value $0.001 per share, under Section 12(b) of the Securities Exchange Act of 1934. This registration is associated with the company's initial public offering (IPO) and will be listed on The Nasdaq Stock Market LLC. The registration statement, originally filed as Form S-1 (File No. 333-283773) on December 12, 2024, includes a description of the common stock, which is incorporated by reference in this filing. No exhibits are included as no other securities are registered on The Nasdaq. The document is signed by Yehu Ofer, the Chief Executive Officer, on January 28, 2025.

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Form Type: S-1/A

Filing Date: 2025-01-28

Corporate Action: Ipo

Type: New

Accession Number: 000149315225004022

Filing Summary: Odysight.ai Inc. is offering 2,117,647 shares of common stock at an assumed public offering price of $8.50 per share. The company has applied to list its common stock on the Nasdaq Capital Market under the symbol 'ODYS'. No assurance is given that the application will be approved. The offering price will be determined based on historical performance and market conditions and may differ from the current market price. A 30-day option is granted to underwriters to purchase up to an additional 317,647 shares for over-allotments. Cornerstone investors have indicated interest in purchasing up to $9 million of shares in this offering. The document outlines risk factors, financial information, and other pertinent details about the offering process and company operations, emphasizing the innovative AI solution developed by the company for real-time monitoring in harsh environments.

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Form Type: CORRESP

Filing Date: 2025-01-28

Corporate Action: Ipo

Type: New

Accession Number: 000149315225004024

Filing Summary: Odysight.ai Inc. submitted a request to the Securities and Exchange Commission for the acceleration of the effectiveness of their Registration Statement on Form S-1, originally filed on December 12, 2024, under File No. 333-283773. The company aims for the Registration Statement to become effective by 5:00 p.m. Eastern Time on January 30, 2025, or as soon thereafter as possible. The request emphasizes the urgency and necessary follow-up communication regarding the effectiveness notice, which will be directed to their legal counsel at Greenberg Traurig, P.A. The request was made by Yehu Ofer, the Chief Executive Officer of Odysight.ai Inc.

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Form Type: CORRESP

Filing Date: 2025-01-28

Corporate Action: Ipo

Type: New

Accession Number: 000149315225004028

Filing Summary: Odysight.ai Inc. has requested the acceleration of the effective date for its Registration Statement on Form S-1 related to its proposed initial public offering (IPO). The company, represented by The Benchmark Company, LLC, seeks to have the registration declared effective at 5:00 p.m. ET on January 30, 2025. The underwriters have also indicated their compliance with the distribution requirements for the preliminary prospectus as outlined in Rule 460 of the Securities Act. The correspondence is directed to Nicholas O'Leary at the SEC, outlining these requests and compliance confirmations.

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Form Type: S-1/A

Filing Date: 2025-01-24

Corporate Action: Ipo

Type: New

Accession Number: 000149315225003588

Filing Summary: Odysight.ai Inc. is conducting an initial public offering (IPO) for the sale of 2,117,647 shares of its common stock, with a proposed price of $8.50 per share. The company specializes in developing a unique AI-driven visualization solution that employs small cameras for monitoring safety components in challenging environments. This technology offers predictive maintenance and condition-based monitoring algorithms to enhance safety, reduce downtime, and lower maintenance costs, applied across various sectors including aerospace and medical. Their technology has been successfully utilized by notable clients like NASA and the Israeli Air Force. The offering is underwritten on a firm commitment basis and aims to list on the Nasdaq Capital Market. The registration statement with the SEC was amended to reflect these offerings and provide additional details about the company’s financial situation and risks associated with investing in these securities.

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