M&A - Dror Ortho-Design, Inc.

Form Type: 10-K

Filing Date: 2025-02-19

Corporate Action: Acquisition

Type: New

Accession Number: 000121390025015289

Filing Summary: Dror Ortho-Design, Inc., which was formerly Novint Technologies, Inc., transitioned to its current structure following a share exchange with Dror Ortho-Design, Ltd. on August 14, 2023. The transaction involved shareholders of Private Dror exchanging their shares for common and convertible preferred stock of Novint, thus allowing Dror Ortho-Design, Inc. to take over its predecessor's business as its sole line of operations. The company is in the development stage of its proprietary AI-based dental platform, branded as ZSmile, intended to offer a less intrusive alternative to traditional aligners. Dror aims to reimagine orthodontic treatment by providing a solution that allows corrections to be made while patients sleep. The ZSmile system utilizes advanced technology including a smart aligner system and an AI-based cloud service. Despite being in its development phase with significant ongoing losses and no current revenue generation, the company plans substantial investment towards finalizing their product and seeking FDA clearance for market entry. Furthermore, potential market risks stemming from competition and regulatory hurdles have been emphasized throughout the report.

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