Ticker LaunchReverse merger · Completed · DROR
Dror Ortho-Design Ltd. (Israel)
Reverse merger with Novint Technologies, Inc.
Dror Ortho-Design Ltd. (Israel) merged into Novint Technologies, Inc., a OTC shell company, in a reverse merger that takes the private company public. The deal was announced on Jul 5, 2023 and closed on Aug 14, 2023. The combined company trades as Dror Ortho-Design, Inc. (DROR) on OTC.
Dror Ortho-Design develops dental and orthodontic products through its Israeli subsidiary Dror Ortho-Design Ltd. Its legacy board and executives, including CEO Eliyahu Haddad, took over the former Novint Technologies after the 2023 share exchange.
- Status
- Completed
- Private company
- Dror Ortho-Design Ltd. (Israel)
- Public company
- Novint Technologies, Inc.
- Public company business before
- OTC shell company
- Announced
- Jul 5, 2023
- Closed
- Aug 14, 2023
- Combined company
- Dror Ortho-Design, Inc. (DROR)
- Exchange
- OTC
- Sector
- Medical devices
More on this deal for subscribers
- Ownership split between private and public holders
- Concurrent financing and investors
- Analyst notes from the filings
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Filings
- 8-K (merger completion) Aug 14, 2023
- 8-K (merger agreement) Jul 11, 2023
- All filings on EDGAR CIK 1282980
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