Y.D. More Investments Amends UAS Drone Corp. Ownership Filing

TL;DR

**Y.D. More Investments Group updated their UAS Drone Corp. ownership, watch for sentiment shifts!**

AI Summary

Y.D. More Investments Ltd. and its group members, including Benjamin Meirov and Yosef Levy, filed an amendment to their Schedule 13D on January 29, 2024, regarding their ownership in UAS Drone Corp. This amendment indicates a change in their beneficial ownership, which was initially triggered by an event on April 5, 2022. This matters to investors because significant changes in ownership by large institutional investors or groups can signal their evolving confidence in the company's future prospects, potentially influencing stock price and market sentiment.

Why It Matters

Changes in major shareholder filings like this can signal shifts in institutional investor sentiment, potentially impacting the stock's perceived value and future direction.

Risk Assessment

Risk Level: medium — While not inherently negative, a change in a major shareholder's filing can introduce uncertainty regarding their future intentions or the company's stability.

Analyst Insight

Investors should monitor subsequent filings from Y.D. More Investments Ltd. and its group to understand the nature of the change in beneficial ownership and assess any potential impact on UAS Drone Corp.'s stock price or corporate governance.

Key Players & Entities

• Y.D. More Investments Ltd. (company) — filing entity and group member
• UAS Drone Corp. (company) — subject company of the filing
• Benjamin Meirov (person) — group member
• Yosef Levy (person) — group member
• April 5, 2022 (date) — date of event requiring the initial filing
• January 29, 2024 (date) — filing date of the amendment
• Nir Nave (person) — person authorized to receive notices for the filing group
• B.Y.M. MOR INVESTMENTS LTD. (company) — group member
• DOTAN MEIROV (person) — group member
• ELI LEVY (person) — group member

FAQ

Key Financial Figures

• $0.0001 — Corp. (Name of Issuer) Common Stock $0.0001 par value (Title of Class of Securitie

Filing Documents

• zk2330709.htm (SC 13D/A) — 255KB
• exhibit_2.htm (EX-99) — 146KB
• exhibit_3.htm (EX-99) — 148KB
• exhibit_4.htm (EX-99) — 145KB
• exhibit_5.htm (EX-99) — 44KB
• exhibit_6.htm (EX-99) — 45KB
• exhibit_7.htm (EX-99) — 45KB
• exhibit_8.htm (EX-99) — 16KB
• exhibit_9.htm (EX-99) — 18KB
• exhibit_10.htm (EX-99) — 16KB
• exhibit_11.htm (EX-99) — 17KB
• exhibit_12.htm (EX-99) — 17KB
• exhibit_13.htm (EX-99) — 16KB
• 0001178913-24-000253.txt ( ) — 929KB

Identity and Background

Item 2. Identity and Background.

is hereby restated in its entirety as follows

Item 2 is hereby restated in its entirety as follows: This Schedule 13D is being filed by the following persons (each a " Reporting Person " and, collectively, the " Reporting Persons "): 1) Y.D More Investments Ltd. (" YDM "); 2) More Provident Funds and Pension Ltd. (" MPF "); 3) B.Y.M. Mor Investments Ltd. (" BYM "); 4) Eli Levy; 5) Yosef Levy; 6) Benjamin Meirov; 7) Yosef Meirov; 8) Michael Meirov; and 9) Dotan Meirov. YDM is a company organized under the laws of the State of Israel. The principal business of YDM is an investment house which manages investment portfolios, mutual funds, provident and pension funds and private investment funds. The address of the principal office of YDM is 2 Ben-Gurion Street, Ramat Gan, Israel. MPF is a company organized under the laws of the State of Israel. The principal business of MPF is the management of provident and pension funds. The address of the principal office of MPF is 2 Ben-Gurion Street, Ramat Gan, Israel. BYM is a company organized under the laws of the State of Israel. The principal business of BYM is a holding company controlled by Mr. Yosef Meirov. The address of the principal office of BYM is 23 Tuval St., Ramat Gan, Israel. Mr. Eli Levy is an Israeli citizen. His business address is 2 Ben-Gurion Street, Ramat Gan, Israel. Mr. Levy is currently the co-CEO of YDM and its subsidiary More Mutual Funds (2013) Ltd and a member of the board of directors of YDM and various of its subsidiaries. Mr. Yosef Levy is an Israeli citizen. His business address is 2 Ben-Gurion Street, Ramat Gan, Israel. Mr. Levy is currently the co-CEO of YDM, CEO of its subsidiary More Private Funds Ltd and a member of the board of directors of YDM and various of its subsidiaries, including MPF. Mr. Benjamin Meirov is a citizen of Israel and the United States. His home address is 32 Bazel St., Herzliya, Israel. Mr. Meirov is currently a member of the board of directors of YDM and an owner of M.I.D. House of

Interest in Securities of the Issuer

Item 5. Interest in Securities of the Issuer.

is hereby restated in its entirety as follows

Item 5 is hereby restated in its entirety as follows: (a) – (b) The following sets forth, as of the date of this Schedule 13D, the aggregate number and percentage of securities beneficially owned by each of the Reporting Persons, as well as the number of securities as to which each Reporting Person has the sole power to vote or to direct the vote, shared power to vote or to direct the vote, sole power to dispose or to direct the disposition of, or shared power to dispose or to direct the disposition of, based on the Quarterly Report on form 10-Q filed by the Issuer on November 9, 2023, which reflects 54,218,813 shares of common stock, par value $0.0001 each, of the Issuer issued and outstanding as of November 9, 2023. Reporting Person Amount of securities beneficially owned Percent of class Sole power to vote or to direct the vote, dispose or to direct the disposition Percent of class Shared power to vote or to direct the vote, dispose or to direct the disposition Percent of Class More Provident Funds and Pension Ltd. (1) 20,000,000 36.89 % 0 0 20,000,000 36.89 % Y.D More Investments Ltd. (1)(2) 22,500,000 41.50 % 0 0 22,500,000 41.50 % B.Y.M. Mor Investments Ltd. (1)(2) 22,500,000 41.50 % 0 0 22,500,000 41.50 % Eli Levy (1)(2) 22,500,000 41.50 % 0 0 22,500,000 41.50 % Dotan Meirov (1)(2) 22,500,000 41.50 % 0 0 22,500,000 41.50 % Benjamin Meirov (1)(2) 22,500,000 41.50 % 0 0 22,500,000 41.50 % Yosef Meirov (1)(2) 22,500,000 41.50 % 0 0 22,500,000 41.50 % Michael Meirov (1)(2) 22,500,000 41.50 % 0 0 22,500,000 41.50 % Yosef Levy (1)(2)(3) 23,100,000 42.61 % 600,000 1.11 % 22,500,000 41.50 % (1) The securities reported herein include securities held directly as follows: 10,000,000 shares of Common Stock, and 10,000,000 warrants exercisable into 10,000,000 shares of Common Stock at an exercise price of US$ 0.40 per share of Common Stock, held directly by More Provident

View Full Filing

View this SC 13D/A filing on SEC EDGAR