Dror Ortho-Design Files S-1/A Amendment
Ticker: DROR · Form: S-1/A · Filed: Jun 5, 2024 · CIK: 1282980
Sentiment: neutral
Topics: ipo, sec-filing, amendment
TL;DR
Dror Ortho-Design (formerly Novint) filed an S-1/A amendment, signaling progress on their IPO. Keep an eye on this dental tech play.
AI Summary
Dror Ortho-Design, Inc. filed an S-1/A amendment on June 5, 2024, for its registration statement (No. 333-276981). The company, formerly Novint Technologies Inc., is incorporated in Delaware and operates in the Dental Equipment & Supplies sector. Its principal executive offices are located in Jerusalem, Israel, with a US business address in Washington, PA.
Why It Matters
This filing indicates Dror Ortho-Design is moving forward with its public offering process, which could lead to increased capital for expansion or product development in the dental technology market.
Risk Assessment
Risk Level: medium — As an S-1/A filing, it represents a company in the process of going public, which inherently carries higher risks than established public companies.
Key Numbers
- 333-276981 — Registration Number (This is the SEC registration number for the filing.)
- 20240605 — Filing Date (The date the amendment was filed with the SEC.)
Key Players & Entities
- Dror Ortho-Design, Inc. (company) — Registrant
- Novint Technologies Inc. (company) — Former company name
- 333-276981 (dollar_amount) — SEC Registration Number
- June 5, 2024 (date) — Filing date
- Eliyahu (Lee) Haddad (person) — Chief Executive Officer
FAQ
What is the purpose of this S-1/A filing?
This is Amendment No. 2 to the Form S-1 Registration Statement, indicating updates or revisions to the initial filing for Dror Ortho-Design, Inc.'s public offering.
When was Dror Ortho-Design, Inc. formerly known as?
The company was formerly known as Novint Technologies Inc., with a name change date of March 8, 2004.
Where are Dror Ortho-Design, Inc.'s principal executive offices located?
The principal executive offices are located at Shatner Street 3, Jerusalem, Israel.
What is the Standard Industrial Classification (SIC) code for Dror Ortho-Design, Inc.?
The SIC code is 3843, which corresponds to DENTAL EQUIPMENT & SUPPLIES.
Who is the Chief Executive Officer of Dror Ortho-Design, Inc.?
Mr. Eliyahu (Lee) Haddad is the Chief Executive Officer.
Filing Stats: 4,526 words · 18 min read · ~15 pages · Grade level 15.1 · Accepted 2024-06-05 16:06:14
Key Financial Figures
- $0.0001 — 6,461 shares of common stock, par value $0.0001 per share ("Common Stock"), of Dror Ort
- $0.011 — rivate transactions at a fixed price of $0.011 per share until our common stock is lis
- $0.0035 — ed sales price for our Common Stock was $0.0035 per share. Investment in our Common S
- $3,150,000 — inst an aggregated investment amount of $3,150,000 ($150,000 of which was provided prior t
- $150,000 — egated investment amount of $3,150,000 ($150,000 of which was provided prior to the fina
Filing Documents
- ea0207085-s1a2_drorortho.htm (S-1/A) — 1513KB
- ea020708501ex23-1_drorortho.htm (EX-23.1) — 5KB
- image_001.jpg (GRAPHIC) — 15KB
- image_002.jpg (GRAPHIC) — 14KB
- image_003.jpg (GRAPHIC) — 29KB
- image_004.jpg (GRAPHIC) — 44KB
- image_005.jpg (GRAPHIC) — 18KB
- image_006.jpg (GRAPHIC) — 34KB
- image_007.jpg (GRAPHIC) — 7KB
- ex23-1_001.jpg (GRAPHIC) — 32KB
- ex23-1_002.jpg (GRAPHIC) — 60KB
- 0001213900-24-050050.txt ( ) — 6298KB
- dror-20240331.xsd (EX-101.SCH) — 68KB
- dror-20240331_cal.xml (EX-101.CAL) — 28KB
- dror-20240331_def.xml (EX-101.DEF) — 246KB
- dror-20240331_lab.xml (EX-101.LAB) — 485KB
- dror-20240331_pre.xml (EX-101.PRE) — 253KB
- ea0207085-s1a2_drorortho_htm.xml (XML) — 565KB
Use of Proceeds
Use of Proceeds 45 Determination of Offering Price 46 Market for Our Common Stock and Dividends 47
Management's Discussion and Analysis of Financial Condition and Results of Operations
Management's Discussion and Analysis of Financial Condition and Results of Operations 48
Business
Business 55 Management 73
Executive Compensation
Executive Compensation 76
Description of Capital Stock
Description of Capital Stock 83
Security Ownership of Certain Beneficial Owners and Management
Security Ownership of Certain Beneficial Owners and Management 90 Selling Securityholders 92 Certain Relationships and Related Person Transactions 98 Material U.S. Federal Tax Considerations for Holders of Common Stock and Warrants 99 Plan of Distribution 107 Legal Matters 109 Experts 109 Where You Can Find Additional Information 109 Index to Financial Statements F-1 You should rely only on the information contained in this prospectus. No one has been authorized to provide you with information that is different from that contained in this prospectus. This prospectus is dated as of the date set forth on the cover hereof. You should not assume that the information contained in this prospectus is accurate as of any date other than that date. For investors outside of the United States: We have not done anything that would permit this offering or possession or distribution of this prospectus in any jurisdiction where action for that purpose is required, other than in the United States. Persons outside the United States who come into possession of this prospectus must inform themselves about, and observe any restrictions relating to, the offering of our securities and the distribution of this prospectus outside the United This document contains references to trademarks and service marks belonging to other entities. Solely for convenience, trademarks and trade names referred to in this prospectus may appear without the or symbols, but such references are not intended to indicate, in any way, that the applicable licensor will not assert, to the fullest extent under applicable law, its rights to these trademarks and trade names. Dror does not intend its use or display of other companies' trade names, trademarks or service marks to imply a relationship with, or endorsement or sponsorship of Dror by, any other companies. Notwithstanding references thereto in this prospectus, Dror's website is not part of and is not incorporated in the pros