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

TL;DR

Y.D. More Investments group filed a 13D/A for UAS Drone Corp. - ownership update.

AI Summary

On June 25, 2024, Y.D. More Investments Ltd. and its affiliated group members, including Benjamin Meirov and Dotan Meirov, filed an amendment to their Schedule 13D. This filing indicates a change in beneficial ownership of UAS Drone Corp. common stock. The group members collectively hold a significant stake in the company, though the exact percentage and number of shares are not detailed in this excerpt.

Why It Matters

This filing signals a potential shift in control or significant influence over UAS Drone Corp. by a group of investors, which could impact the company's strategic direction and stock performance.

Risk Assessment

Risk Level: medium — Schedule 13D filings often indicate significant investor activity, which can lead to volatility or strategic changes in the target company.

Key Players & Entities

• Y.D. More Investments Ltd. (company) — Filing entity
• UAS Drone Corp. (company) — Subject company
• Benjamin Meirov (person) — Group member
• Dotan Meirov (person) — Group member
• Eli Levy (person) — Group member
• Michael Meirov (person) — Group member
• Yosef Levy (person) — Group member
• Yosef Meirov (person) — Group member
• MORE CO-INVEST (L.P.), LIMITED PARTNERSHIP (company) — Group member
• MORE PROVIDENT FUNDS & PENSION LTD. (company) — 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

• zk2431607.htm (SC 13D/A) — 308KB
• exhibit_14.htm (EX-14) — 18KB
• exhibit_15.htm (EX-15) — 18KB
• exhibit_16.htm (EX-16) — 18KB
• 0001178913-24-002066.txt ( ) — 363KB

From the Filing

SC 13D/A 1 zk2431607.htm SC 13D/A UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13D Under the Securities Exchange Act of 1934 (Amendment No. 2)* UAS Drone Corp. (Name of Issuer) Common Stock $0.0001 par value (Title of Class of Securities) 903448108 (CUSIP Number) Nir Nave 2 Ben Gurion Street Ramat Gan, Israel 5257334 972-74-781-1111 (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) June 20, 2024 (Date of Event which Requires Filing of this Statement) If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box. Note : Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See 240.13d-7 for other parties to whom copies are to be sent. * The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page. The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). 1. NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) Y.D More Investments Ltd. I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY): Not applicable. 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (see instructions) (a) (b) 3. SEC USE ONLY 4. SOURCE OF FUNDS (see instructions) OO 5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) 6. CITIZENSHIP OR PLACE OF ORGANIZATION Israel NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 7. SOLE VOTING POWER 0 8. SHARED VOTING POWER 11,250,000(1)(2) 9. SOLE DISPOSITIVE POWER 0 10. SHARED DISPOSITIVE POWER 11,250,000(1)(2) 11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 11,250,000(1)(2) 12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (see instructions) 13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 20.75% (1)(2)(3) 14. TYPE OF REPORTING PERSON (see instructions) CO (1) The securities reported herein include securities held indirectly as follows: (i) 10,000,000 shares of common stock, $0.0001 par value each, held directly by More Provident Funds and Pension Ltd., an Israeli company controlled by Y.D More Investments Ltd. and (ii) 1,250,000 shares of common stock $0.0001 par value each ("Common Stock"), held directly by More Co-Invest (L.P.), Limited Partnership, an Israeli limited partnership, whose general partner, More Co-Invest 1 (G.P.) Ltd., is controlled by Y.D More Investments Ltd. Y.D More Investments Ltd. is an Israeli public company controlled through a voting agreement among the following individuals: (a) Yosef Meirov, directly and through B.Y.M. Mor Investments Ltd., a company he controls with Michael Meirov and Dotan Meirov, (b) Benjamin Meirov (c) Yosef Levy and (d) Eli Levy through Elldot Ltd., a wholly owned company. (2) In addition to the securities reported herein, More Provident Funds and Pension Ltd. holds an additional 10,000,000 warrants exercisable into 10,000,000 shares of Common Stock and More Co-Invest (L.P.), Limited Partnership holds an additional 1,250,000 warrants exercisable into 1,250,000 shares of Common Stock. Due to the Warrant Amendment Agreement, as further described in Item 4, More Provident Funds and Pension Ltd. and More Co-Invest 1 (G.P.) Ltd. are precluded from exercising each of their respective warrants to the extent that the Reporting Persons, in the aggregate, would, after such exercise, collectively beneficially own in the aggregate a number of shares of the Issuer's Common Stock that represents in excess of 19.99% of the number of shares of Common Stock outstanding immediately after giving effect to the issuance of shares of Common Stock issuable upon exercise of the Warrants. Therefore, the securities reported herein do not include these warrants because each of More Provident Funds and Pension Ltd and More Co-Invest (L.P.), Limited Partnership, respectively, may not exercise such warrants as doing so would otherwise violate the 19.99% beneficial ownership limitation in the Warrant Amendment Agreement. (3) Based on the Quarterly Report on Form 10-Q filed by the Issuer on May 15, 2024, which reflects 54,218,813 shares of common stock, par value $0.0001 each, of the Issuer issued and outstanding as of May 15, 2024. 1. NAMES OF REPORTING PERSONS I.R

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