Yftah Ben Yaackov Files 13D for BYND CANNASOFT
Ticker: FMTOF · Form: SC 13D · Filed: Jun 21, 2024 · CIK: 1888151
Sentiment: neutral
Topics: ownership-change, schedule-13d
Related Tickers: BYND
TL;DR
Yftah Ben Yaackov just filed a 13D on BYND. Big ownership change incoming.
AI Summary
On June 14, 2024, Yftah Ben Yaackov filed a Schedule 13D for BYND CANNASOFT ENTERPRISES INC. The filing indicates a change in beneficial ownership of the company's common shares. The specific details of the acquisition, including the number of shares and the total dollar amount, are not explicitly stated in this excerpt.
Why It Matters
This filing signals a significant change in ownership for BYND CANNASOFT ENTERPRISES INC., potentially impacting its stock price and corporate strategy.
Risk Assessment
Risk Level: medium — Schedule 13D filings often precede significant corporate actions or shifts in control, which can introduce volatility.
Key Players & Entities
- BYND CANNASOFT ENTERPRISES INC. (company) — Subject company
- Yftah Ben Yaackov (person) — Filing person
- 05608P109 (other) — CUSIP Number
FAQ
What is the exact date of the event requiring this filing?
The date of the event which requires filing of this statement is June 14, 2024.
Who is the subject company?
The subject company is BYND CANNASOFT ENTERPRISES INC.
Who is the person filing this Schedule 13D?
The person filing this Schedule 13D is Yftah Ben Yaackov.
What is the CUSIP number for the securities being reported?
The CUSIP number is 05608P109.
What is the address and phone number of the person authorized to receive notices?
The address is EILAT 15, ASHKELON, 7844317, Israel, and the phone number is +972 50 726 2830.
Filing Stats: 674 words · 3 min read · ~2 pages · Grade level 7.8 · Accepted 2024-06-21 18:00:08
Filing Documents
- formsc13d.htm (SC 13D) — 44KB
- 0001493152-24-024829.txt ( ) — 45KB
From the Filing
SC 13D 1 formsc13d.htm UNITED SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13D Under the Securities Exchange Act of 1934 (Amendment No. ________)* BYND CANNASOFT ENTERPRISES INC . (Name of Issuer) Common Shares, without par value (Title of Class of Securities) 05608P109 (CUSIP Number) Yftah Ben Yaackov Eilat 15 Ashkelon 7844317 Israel +972 50 726 2830 (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) June 14, 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). CUSIP No. 05608P109 13D Page 2 of 4 Pages 1. NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) Yftah Ben Yaackov 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) PF 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 1,281,601 8. SHARED VOTING POWER 00,000 9. SOLE DISPOSITIVE POWER 1,281,601 10. SHARED DISPOSITIVE POWER 00,000 11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,281,601 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) 11.65% 14. TYPE OF REPORTING PERSON (see instructions) IN CUSIP No. 05608P109 13D Page 3 of 4 Pages Item 1. Security and Issuer. COMMON SHARES WITHOUT PAR VALUE OF BYND CANNASOFT ENTERPRISES INC. 2264E 11TH AVENUE, VANCOUVER V5N1Z6, CANADA Item 2. Identity and Background. Yftah Ben Yaackov Eilat 15, Ashkelon 7844317, Israel Chief Executive Officer of BYND CANNASOFT ENTERPRISES INC. Not convicted in a criminal proceeding during the last five years and not part to a civil proceeding during the last five years Israeli Citizen Item 3. Source or Amount of Funds or Other Consideration. Shares issued to Yftah Ben Yaackov are from vesting of RSUs issued to him for his services to the Company Additional shares will be issued to Yftah if and when the company grants him additional RSUs as part of his compensation Item 4. Purpose of Transaction. Shares were issued as part of Yftah’s Compensation as C.E.O of the Company Item 5. Interest in Securities of the Issuer. Yftah Ben Yaackov holds 1,281,601 common shares which represents 11.65% of the issued and outstanding common shares of BYND Cannasoft Enterprises Inc., this includes 1,038,525 shares issued to him on June 14, 2024 following vesting of RSUs granted to him. Item 6. Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer. Not Applicable Item 7. Material to Be Filed as Exhibits. Not Applicable CUSIP No. 05608P109 13D Page 4 of 4 Pages SIGNATURE After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. /s/ Yftah Ben Yaackov Insert Name Yftah Ben Yaackov Name 06/21/2024 Date