Y.D. More Investments Amends DarioHealth (DRIO) Stake
Ticker: DRIO · Form: SC 13G/A · Filed: Feb 6, 2024 · CIK: 1533998
| Field | Detail |
|---|---|
| Company | Dariohealth CORP. (DRIO) |
| Form Type | SC 13G/A |
| Filed Date | Feb 6, 2024 |
| Risk Level | low |
| Pages | 10 |
| Reading Time | 12 min |
| Key Dollar Amounts | $0.0001 |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, group-filing
TL;DR
**Y.D. More Investments updated their DarioHealth stake, showing continued group ownership.**
AI Summary
Y.D. More Investments Ltd. filed an amended Schedule 13G/A on February 6, 2024, indicating their ownership in DarioHealth Corp. (NASDAQ: DRIO) as of December 31, 2023. This filing updates previous disclosures, showing that Y.D. More Investments Ltd. is part of a larger group including B.Y.M. Mor Investments Ltd. and several individuals like Benjamin Meirov and Yosef Levy. This matters to investors because it provides transparency into significant institutional and group ownership, which can influence stock stability and future corporate actions.
Why It Matters
This filing provides updated transparency on a significant institutional investor's stake in DarioHealth, which can signal confidence or changes in investment strategy, potentially impacting stock perception.
Risk Assessment
Risk Level: low — This is a routine amendment filing, indicating no immediate significant risk or change in company fundamentals.
Analyst Insight
Investors should note the stable institutional ownership by Y.D. More Investments Ltd. and its group, which can provide a baseline for long-term confidence, but should also look for further details on the exact percentage of ownership in the full filing to gauge its significance.
Key Numbers
- $0.0001 — par value per share (the nominal value of DarioHealth Corp.'s common stock)
- 23725P209 — CUSIP Number (unique identifier for DarioHealth Corp.'s common stock)
- December 31, 2023 — Date of Event (the date as of which the ownership information is reported)
- February 6, 2024 — Filing Date (the date the SC 13G/A amendment was filed)
Key Players & Entities
- Y.D. More Investments Ltd. (company) — reporting person and institutional investor in DarioHealth Corp.
- DarioHealth Corp. (company) — the subject company whose securities are being reported on
- B.Y.M. Mor Investments Ltd. (company) — a group member associated with Y.D. More Investments Ltd.
- Benjamin Meirov (person) — a group member associated with Y.D. More Investments Ltd.
- Dotan Meirov (person) — a group member associated with Y.D. More Investments Ltd.
- Eli Levy (person) — a group member associated with Y.D. More Investments Ltd.
- Michael Meirov (person) — a group member associated with Y.D. More Investments Ltd.
- More Provident Funds & Pension Ltd. (company) — a group member associated with Y.D. More Investments Ltd.
- Yosef Levy (person) — a group member associated with Y.D. More Investments Ltd.
- Yosef Meirov (person) — a group member associated with Y.D. More Investments Ltd.
Forward-Looking Statements
- The continued group ownership by Y.D. More Investments Ltd. and its affiliates suggests a stable institutional presence in DarioHealth Corp. (DarioHealth Corp.) — medium confidence, target: Q2 2024
FAQ
What is the purpose of this SC 13G/A filing by Y.D. More Investments Ltd.?
This SC 13G/A filing is an amendment (Amendment No. 2) to a previous Schedule 13G, indicating an update to the ownership information of Y.D. More Investments Ltd. and its associated group in DarioHealth Corp. as of December 31, 2023.
Which rule under the Securities Exchange Act of 1934 is this Schedule 13G/A filed under?
This Schedule 13G/A is filed under Rule 13d-1(c) of the Securities Exchange Act of 1934, as indicated by the checked box on the cover page.
Who are the specific individuals and entities identified as part of the 'group members' in this filing?
The group members include B.Y.M. Mor Investments Ltd., Benjamin Meirov, Dotan Meirov, Eli Levy, Michael Meirov, More Provident Funds & Pension Ltd., Yosef Levy, and Yosef Meirov, in addition to the reporting person Y.D. More Investments Ltd.
What is the CUSIP number for DarioHealth Corp.'s common stock as stated in the filing?
The CUSIP number for DarioHealth Corp.'s common stock is 23725P209, as stated on the cover page and page 2 of the filing.
What was DarioHealth Corp.'s former company name and when did the name change occur?
DarioHealth Corp.'s former company name was LabStyle Innovations Corp., and the date of the name change was 20111101 (November 1, 2011), according to the 'FORMER COMPANY' section of the filing.
Filing Stats: 2,963 words · 12 min read · ~10 pages · Grade level 10.6 · Accepted 2024-02-06 09:31:35
Key Financial Figures
- $0.0001 — ame of Issuer) Common Stock, par value $0.0001 per share (Title of Class of Securiti
Filing Documents
- zk2430882.htm (SC 13G/A) — 194KB
- 0001178913-24-000382.txt ( ) — 196KB
(a)
Item 1. (a) Name of Issuer : DarioHealth Corp. (b) Address of Issuer's Principal Executive Offices : 18 W. 18 th St., New York, NY
(a)
Item 2. (a) Name of Person Filing : Y.D More Investments Ltd. More Provident Funds and Pension Ltd. B.Y.M. Mor Investments Ltd. Eli Levy Yosef Levy Benjamin Meirov Yosef Meirov Michael Meirov Dotan Meirov (b) Address of Principal Business Office : Y.D More Investments Ltd. – 2 Ben-Gurion Street, Ramat Gan, Israel More Provident Funds and Pension Ltd. – 2 Ben-Gurion Street, Ramat Gan, Israel B.Y.M. Mor Investments Ltd. – 23 Tuval St., Ramat Gan, Israel Eli Levy – 2 Ben-Gurion Street, Ramat Gan, Israel Yosef Levy – 2 Ben-Gurion Street, Ramat Gan, Israel Benjamin Meirov – 32 Bazel St., Herzliya, Israel Yosef Meirov – 18 Shevet Menashe St., Herzliya, Israel Michael Meirov – 32 Ben Tzvi St., Herzliya, Israel Dotan Meirov – 38 Nili St., Herzliya, Israel 11 (c) Citizenship : Y.D More Investments Ltd. - Israel More Provident Funds and Pension Ltd. - Israel B.Y.M. Mor Investments Ltd. - Israel Eli Levy – Israel Yosef Levy – Israel Benjamin Meirov – Israel and U.S. Yosef Meirov – Israel and Belgium Michael Meirov – Israel and U.S. Dotan Meirov – Israel and U.S. (d) Title of Class of Securities : Common Stock, par value $0.0001 per share (e) CUSIP Number : 23725P209 Item 3 . Not applicable. Item 4 . (a) Amount beneficially owned : See row 9 of cover page of each reporting person. The securities reported herein are held by More Provident Funds and Pension Ltd. for the benefit of beneficiaries of various provident and pension funds. More Provident Funds and Pension Ltd. is controlled by Y.D More Investments Ltd., which is controlled by (a) Yosef Meirov, directly and through B.Y.M. Mor Investments Ltd., a company which he controls with Michael Meirov and Dotan Meirov, (b) Eli Levy through Elldot Ltd., a wholly owned company, (c) Yosef Levy and (d) Benjamin Meirov. This Statement shall not be construed as an admission by any of the Reporting Persons that it or he is the beneficial owner of any of the securities