Odysight.ai Inc. Files S-1/A Amendment

TL;DR

<b>Odysight.ai Inc. has filed an S-1/A amendment, providing updated financial and operational details for the fiscal years 2021-2023.</b>

AI Summary

Odysight.ai Inc. (ODYS) filed a Amended IPO Registration (S-1/A) with the SEC on April 8, 2024. Odysight.ai Inc. (formerly ScoutCam Inc. and Intellisense Solutions Inc.) filed an S-1/A amendment on April 8, 2024. The company's fiscal year ends on December 31. The filing includes data for fiscal years 2021, 2022, and 2023. Key dates mentioned include a name change on January 2, 2020, and an exchange agreement with Medigus on December 30, 2019. The company is involved in optical instruments and lenses, with SIC code 3827.

Why It Matters

For investors and stakeholders tracking Odysight.ai Inc., this filing contains several important signals. This S-1/A filing is a crucial update for potential investors and stakeholders, offering the latest financial performance and business disclosures before a potential public offering. The amendment signifies ongoing efforts by Odysight.ai Inc. to comply with SEC regulations and provide transparency regarding its business operations and financial standing.

Risk Assessment

Risk Level: medium — Odysight.ai Inc. shows moderate risk based on this filing. The company has undergone multiple name changes and has a history of agreements, indicating potential complexity in its corporate structure and past operations.

Analyst Insight

Investors should review the detailed financial statements and risk factors in this S-1/A filing to assess the company's current financial health and future prospects.

Key Numbers

• 2024-04-08 — Filing Date (S-1/A filing date)
• 1231 — Fiscal Year End (Company's fiscal year end)
• 2021, 2022, 2023 — Fiscal Years Covered (Data provided for these years)
• 2020-01-02 — Name Change Date (Date of former name change to Odysight.ai Inc.)
• 2019-12-30 — Exchange Agreement Date (Date of exchange agreement with Medigus)

Key Players & Entities

• Odysight.ai Inc. (company) — Filer name
• ScoutCam Inc. (company) — Former company name
• Intellisense Solutions Inc. (company) — Former company name
• Medigus (company) — Mentioned in relation to an exchange agreement
• 2024-04-08 (date) — Filing date
• 2023-12-31 (date) — Fiscal year end
• 2019-12-30 (date) — Date of exchange agreement
• 3827 (industry_code) — Standard Industrial Classification

FAQ

Key Dates

• 2024-04-08: S-1/A Filing — Amendment to registration statement
• 2020-01-02: Name Change — Changed from ScoutCam Inc.
• 2019-12-30: Exchange Agreement — Agreement with Medigus

Key Financial Figures

• $7.55 — ce of our common stock on the OTCQB was $7.55 per share. For additional information o
• $27.4 m — s that are exercised for cash, or up to $27.4 million, if all the warrants issued to th
• $0.001 — o shares of our common stock, par value $0.001 per share. The terms "dollar," "US$," o
• $ — 0.001 per share. The terms "dollar," "US$," or "$" refer to US dollars, the lawfu
• $19,980 — sales. We received initial funding of $19,980 in March 2014 through the sale of Commo
• $0.01 — 1,998,000 shares of our Common Stock at $0.01 per share. On December 30, 2019, Inte

Filing Documents

• forms-1a.htm (S-1/A) — 1834KB
• ex23-1.htm (EX-23.1) — 5KB
• forms-1a_001.jpg (GRAPHIC) — 10KB
• form10-k_01.jpg (GRAPHIC) — 4KB
• form10-k_02.jpg (GRAPHIC) — 54KB
• 0001493152-24-013777.txt (&nbsp;) — 7031KB
• sctc-20231231.xsd (EX-101.SCH) — 55KB
• sctc-20231231_cal.xml (EX-101.CAL) — 66KB
• sctc-20231231_def.xml (EX-101.DEF) — 197KB
• sctc-20231231_lab.xml (EX-101.LAB) — 369KB
• sctc-20231231_pre.xml (EX-101.PRE) — 279KB
• forms-1a_htm.xml (XML) — 1054KB

MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS 22

BUSINESS

BUSINESS 31 MANAGEMENT 40

EXECUTIVE COMPENSATION

EXECUTIVE COMPENSATION 44 CERTAIN RELATIONSHIPS AND RELATED PARTY TRANSACTIONS 50

SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT

SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT 51

DESCRIPTION OF CAPITAL STOCK

DESCRIPTION OF CAPITAL STOCK 53 SELLING STOCKHOLDERS 57 PLAN OF DISTRIBUTION 59 LEGAL MATTERS 60 EXPERTS 60 WHERE YOU CAN FIND MORE INFORMATION 61 You should rely only on the information contained in this prospectus. Neither we nor the Selling Stockholders have authorized anyone else to provide you with different information. The shares of common stock offered by this prospectus are being offered only in jurisdictions where the offer is permitted. You should not assume that the information in this prospectus is accurate as of any date other than the date on the front of each document. Our business, financial condition, results of operations and prospects may have changed since that date. Certain figures included in this prospectus have been subject to rounding adjustments. Accordingly, figures shown as totals in certain tables may not be an arithmetic aggregation of the figures that precede them. Throughout this prospectus, unless otherwise designated, the terms "we," "us," "our," "Odysight.ai," "the Company," and "our Company" refer to Odysight.ai Inc. and our wholly-owned subsidiary, Odysight.ai Ltd., a private company organized under the laws of the State of Israel. The term "Common Stock" refers to shares of our common stock, par value $0.001 per share. The terms "dollar," "US$," or "$" refer to US dollars, the lawful currency of the United States. Unless otherwise specified, all dollar amounts are expressed in United States dollars. i ABOUT THIS PROSPECTUS This prospectus is part of a registration statement that we have filed with the Securities and Exchange Commission, or the SEC. The Selling Stockholders named in this prospectus may, from time to time, sell the securities described in this prospectus in one or more offerings. This prospectus includes important information about us, the shares of Common Stock being offered by the Selling Stockholders and other information you should know before investing. This prospectus does not co

View Full Filing

View this S-1/A filing on SEC EDGAR