Risk Factors Update Summary
- Doubt raised on ability to continue as a going concern due to substantial cash deficit.
- Deadline extension from January 18, 2024, to April 18, 2024, and further to January 18, 2025.
- Potential acquisition targets in Israel face disruptions due to ongoing hostilities and political changes.
- Increased risk due to potential dilution of shares upon completion of the initial business combination.
- Material weakness identified in accounting for offering costs, continuing as of December 31, 2023.
- Risk of delisting from Nasdaq due to trading restrictions and market conditions.
- Risks associated with operating in foreign countries, including political instability and economic policies.
Full Text Changes in Most Recent 10-K
Intended use: review the highlighted statements. These are additions to the risk factors disclosure in the most recent 10-K filing compared to the previous 10-K filing. Deleted and moved text is less important and is shown for context.
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