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

TL;DR

Odysight.ai (formerly ScoutCam) filed an S-1/A. Check financials for Q1 2024.

AI Summary

Odysight.ai Inc. filed an S-1/A amendment on June 24, 2024, detailing its financial status. The company, formerly known as ScoutCam Inc. and Intellisense Solutions Inc., is involved in optical instruments and lenses. Financial data for periods ending December 31, 2021, 2022, and 2023, as well as the quarter ending March 31, 2024, are included.

Why It Matters

This filing provides updated information for investors and the public regarding Odysight.ai's financial health and corporate structure, crucial for understanding its current market position and future prospects.

Risk Assessment

Risk Level: medium — As an S-1/A filing, it indicates a company in the process of offering securities or making significant updates, which inherently carries market and regulatory risks.

Key Numbers

• 20240624 — Filing Date (Date of the S-1/A amendment filing.)
• 2023-12-31 — Fiscal Year End (Indicates the end of the most recent full fiscal year reported.)
• 2024-03-31 — Quarter End (Marks the end of the most recent financial quarter reported.)

Key Players & Entities

• Odysight.ai Inc. (company) — Filer
• ScoutCam Inc. (company) — Former company name
• Intellisense Solutions Inc. (company) — Former company name
• June 24, 2024 (date) — Filing date
• 3827 (number) — Standard Industrial Classification for Optical Instruments & Lenses

FAQ

Key Financial Figures

• $5.50 — ng Stockholders at an exercise price of $5.50 per warrant, which is currently lower t
• $5.75 — h is currently lower than the Company's $5.75 price per share in the market as of the
• $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) — 2486KB
• ex10-4.htm (EX-10.4) — 294KB
• ex23-1.htm (EX-23.1) — 3KB
• forms-1a_001.jpg (GRAPHIC) — 4KB
• forms-1a_002.jpg (GRAPHIC) — 54KB
• forms-1a_003.jpg (GRAPHIC) — 14KB
• 0001493152-24-024954.txt ( ) — 9096KB
• odys-20240331.xsd (EX-101.SCH) — 48KB
• odys-20240331_cal.xml (EX-101.CAL) — 69KB
• odys-20240331_def.xml (EX-101.DEF) — 208KB
• odys-20240331_lab.xml (EX-101.LAB) — 371KB
• odys-20240331_pre.xml (EX-101.PRE) — 294KB
• forms-1a_htm.xml (XML) — 1515KB

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 33 MANAGEMENT 42

EXECUTIVE COMPENSATION

EXECUTIVE COMPENSATION 46 CERTAIN RELATIONSHIPS AND RELATED PARTY TRANSACTIONS 54

SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT

SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT 55

DESCRIPTION OF CAPITAL STOCK

DESCRIPTION OF CAPITAL STOCK 57 SELLING STOCKHOLDERS 61 PLAN OF DISTRIBUTION 63 LEGAL MATTERS 64 EXPERTS 64 WHERE YOU CAN FIND MORE INFORMATION 65 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