M&A - Senstar Technologies Corp

Form Type: 20-F

Filing Date: 2025-04-23

Corporate Action: Merger

Type: Update

Accession Number: 000117891325001415

Filing Summary: Senstar Technologies Corporation underwent a significant corporate restructuring by merging with Senstar Technologies Ltd. The merger agreement was established on September 26, 2023, designating Senstar Technologies Corporation as the new parent company of Senstar Technologies Ltd., which became a wholly-owned subsidiary. The redomiciliation allows Senstar Technologies Ltd. to be governed under Ontario law, and as part of the merger, the corporate existence of a newly formed subsidiary, Can Co Sub Ltd., ceased. As a result, all properties, rights, and liabilities of the entities involved were folded into the surviving company, Senstar Technologies Ltd., which now operates under the name Senstar Technologies Corporation. Common shares of Senstar Technologies Corporation were traded on Nasdaq under the symbol 'SNT' following the merger. The company also reported 23,326,653 outstanding shares of common stock as of December 31, 2024. The financial statements and disclosures are prepared in accordance with U.S. GAAP and presented in U.S. dollars.