Tel Aviv Stock Exchange

IMC Announces Potential Reverse Merger with Kadimastem a leading Clinical cell therapy company

Retrieved on:

Wednesday, February 28, 2024

TORONTO and GLIL YAM, Israel, Feb. 28, 2024 /PRNewswire/ -- IM Cannabis Corp. (CSE: IMCC) (NASDAQ: IMCC) (the "Company" or "IMC"), a leading medical cannabis company with operations in Israel and Germany, is pleased to announce that it has entered into a non-binding term sheet dated February 13, 2024, as amended (the "Term Sheet"), and a Loan Agreement (as defined below) with Holding Company (as defined below), with Israel-based Kadimastem Ltd a clinical cell therapy public company traded on the Tel Aviv Stock Exchange under the symbol (TASE: KDST) ("Kadimastem"), whereby the parties will complete a business combination that will constitute a reverse merger into the Company by Kadimastem (the "Proposed Transaction").

Key Points:

We have been looking for a way to deliver maximum value for our shareholders in the current situation and believe that a reverse merger with Kadimastem will provide this," said Oren Shuster, CEO of IMC.
"With its focus on clinical stage cell therapy, and an FDA approval for a Phase IIa clinical trial, we believe that Kadimastem has tremendous potential."
The Proposed Transaction will be effected by way of a plan of arrangement involving a newly created wholly-owned subsidiary of IMC and Kadimastem (the "Arrangement").
Pursuant to the terms of the Term Sheet, a loan agreement dated February 28, 2024 (the "Loan Agreement") was entered between IMC Holdings Ltd. a wholly-owned subsidiary of IMC (the "Holding Company") and Kadimastem.

AudioCodes Reports Fourth Quarter and Full Year 2023 Results and Declares Semi-Annual Dividend of 18 cents per share

Retrieved on:

Tuesday, February 6, 2024

Revenues for the fourth quarter of 2023 were $63.6 million compared to $61.6 million for the third quarter of 2023.

Key Points:

Revenues for the fourth quarter of 2023 were $63.6 million compared to $61.6 million for the third quarter of 2023.
Net income was $3.7 million, or $0.12 per diluted share, for the fourth quarter of 2023 compared to $4.3 million, or $0.14 per diluted share, for the third quarter of 2023.
On a Non-GAAP basis, net income was $8.9 million, or $0.28 per diluted share, for the fourth quarter of 2023 compared to $8.3 million, or $0.25 per diluted share, for the third quarter of 2023.
Net cash provided by operating activities was $9.3 million for the fourth quarter of 2023 and $14.9 million for 2023.

Pomvom Ltd. and Israel Acquisitions Corp. Announce Definitive Business Combination Agreement, Bringing the Leading Experiential Content Company to the Nasdaq

Retrieved on:

Tuesday, January 2, 2024

Tiberius, Merlin Entertainments, Business analyst, Warner Bros., LLP, Roth Capital Partners, Acquisition, Perseverance, Tel Aviv Stock Exchange, Reed Smith, Six Flags, Financial adviser, Immersion, Growth, Cryptocurrency

TEL-AVIV, Israel, Jan. 2, 2024 /PRNewswire/ -- Israel Acquisitions Corp. (NASDAQ: ISRL) (NASDAQ: ISRLU) (NASDAQ: ISRLW) ("ISRL") , a publicly-traded special purpose acquisition company, and Pomvom Ltd.(TASE: PMVM) ("Pomvom" or the "Company"), a technology company that develops experiential content to amusement parks and attractions globally, replacing operative physical solutions, today announced a definitive business combination agreement at a total equity value for Pomvom of $125 million USD (the "Business Combination Agreement").

Key Points:

TEL-AVIV, Israel, Jan. 2, 2024 /PRNewswire/ -- Israel Acquisitions Corp. (NASDAQ: ISRL) (NASDAQ: ISRLU) (NASDAQ: ISRLW) ("ISRL") , a publicly-traded special purpose acquisition company, and Pomvom Ltd.(TASE: PMVM) ("Pomvom" or the "Company"), a technology company that develops experiential content to amusement parks and attractions globally, replacing operative physical solutions, today announced a definitive business combination agreement at a total equity value for Pomvom of $125 million USD (the "Business Combination Agreement").
The combined company will trade on the Nasdaq and leverage Pomvom's leading technology augmented with the expertise of the ISRL team.
Pomvom serves many of the largest theme park and attraction operators globally, including, parent companies Six Flags, Warner Bros., and Merlin Entertainment.
Pomvom's launch of digital content across its partner sites is expected to leverage its new online platform and accelerate long-term growth.

Pomvom Ltd. and Israel Acquisitions Corp. Announce Definitive Business Combination Agreement, Bringing the Leading Experiential Content Company to the Nasdaq

Retrieved on:

Tuesday, January 2, 2024

TEL-AVIV, Israel, Jan. 2, 2024 /PRNewswire/ -- Israel Acquisitions Corp. (NASDAQ: ISRL) (NASDAQ: ISRLU) (NASDAQ: ISRLW) ("ISRL") , a publicly-traded special purpose acquisition company, and Pomvom Ltd.(TASE: PMVM) ("Pomvom" or the "Company"), a technology company that develops experiential content to amusement parks and attractions globally, replacing operative physical solutions, today announced a definitive business combination agreement at a total equity value for Pomvom of $125 million USD (the "Business Combination Agreement").

Key Points:

TEL-AVIV, Israel, Jan. 2, 2024 /PRNewswire/ -- Israel Acquisitions Corp. (NASDAQ: ISRL) (NASDAQ: ISRLU) (NASDAQ: ISRLW) ("ISRL") , a publicly-traded special purpose acquisition company, and Pomvom Ltd.(TASE: PMVM) ("Pomvom" or the "Company"), a technology company that develops experiential content to amusement parks and attractions globally, replacing operative physical solutions, today announced a definitive business combination agreement at a total equity value for Pomvom of $125 million USD (the "Business Combination Agreement").
The combined company will trade on the Nasdaq and leverage Pomvom's leading technology augmented with the expertise of the ISRL team.
Pomvom serves many of the largest theme park and attraction operators globally, including, parent companies Six Flags, Warner Bros., and Merlin Entertainment.
Pomvom's launch of digital content across its partner sites is expected to leverage its new online platform and accelerate long-term growth.

Level Access Agrees to Acquire UserWay

Retrieved on:

Sunday, December 31, 2023

Level Access , a leading provider of digital accessibility solutions, and UserWay (TASE: UWAY), a pioneer in accessibility AI technologies, today announced the signing of a definitive agreement for Level Access to acquire UserWay.

Key Points:

Level Access , a leading provider of digital accessibility solutions, and UserWay (TASE: UWAY), a pioneer in accessibility AI technologies, today announced the signing of a definitive agreement for Level Access to acquire UserWay.
Together, Level Access and UserWay will create advanced digital accessibility solutions to help more organizations to start, and accelerate, sustainable digital accessibility programs.
“Allon and the UserWay team have developed incredible automated remediation technologies that enable organizations to move faster in their digital accessibility programs,” said Tim Springer , CEO and Founder of Level Access.
Allon Mason will continue to lead UserWay as CEO and will become President of Level Access.

Tigo Energy Appoints Sagit Manor to Board of Directors

Retrieved on:

Tuesday, December 19, 2023

Other Energy, Software, Utilities, Environment, Hardware, Alternative Energy, Energy, Technology, College, Solar energy, Tel Aviv Stock Exchange, Security, Face, Growth, Tigo Energy, Millicom, Management

Tigo Energy, Inc. (Nasdaq: TYGO) ("Tigo" or the “Company”), a leading provider of intelligent solar and energy storage solutions, has appointed Sagit Manor as an independent director on its Board of Directors, effective January 1, 2024.

Key Points:

Tigo Energy, Inc. (Nasdaq: TYGO) ("Tigo" or the “Company”), a leading provider of intelligent solar and energy storage solutions, has appointed Sagit Manor as an independent director on its Board of Directors, effective January 1, 2024.
Ms. Manor holds a Bachelor of Arts in accounting from the College of Management Academic Studies, in Rishon LeZion, Israel.
“Sagit is a proven leader with substantial C-suite experience in the tech sector, and I am delighted to welcome her to the Tigo Board of Directors,” said Zvi Alon, chairman and CEO at Tigo Energy.
I look forward to applying my experience to help Tigo drive innovation and quality in solar energy, and to continue executing on its growth strategy.”

SaverOne Enters into Term Sheet to Acquire Assets and Operations of Micronet Ltd.

Retrieved on:

Wednesday, December 20, 2023

Marketing, Acquisition, Tel Aviv Stock Exchange, IP, Engineering, DDPS, Micronet, Camera, DMS

PETAH TIKVAH, Israel, Dec. 20, 2023 /PRNewswire/ -- SaverOne 2014 Ltd. (Nasdaq: SVRE) (TASE: SVRE), a technology company specializing in transportation safety solutions, today announced that it has signed a term sheet for the strategic acquisition of certain operations, products and IP of Micronet Ltd., a developer of advanced telematics systems cameras and Driver Monitoring Systems (DMS). Upon closing of this acquisition, it will broaden SaverOne's product portfolio and customer base, and is expected to accelerate SaverOne's go-to-market strategy in the US market.

Key Points:

Micronet Ltd. is a publicly traded company on the Tel Aviv Stock Exchange, under the ticker MCRNT.
SaverOne's management expects the acquisition of the Micronet Ltd. operations and assets that are to be acquired, will be immediately accretive to SaverOne following the closing.
The majority of the consideration for the operations and assets will be contingent payments, related to the acquired operation's performance.
"We are very pleased to announce this first step towards the acquisition of certain Micronet assets, IP and operations which is expected to enhance and broaden SaverOne's product portfolio and customer base," commented Ori Gilboa, CEO of SaverOne.

Phoenix Holdings Publishes Financial Results for Q3 2023, with Continued Improvement in Core Income

Retrieved on:

Thursday, November 30, 2023

Phoenix Holdings Ltd., a leading Israel-based financial, insurance, and investment group (TLV:PHOE) (“Phoenix,” the “Group,” or the “Company”), today reported its results for the third quarter of 2023.

Key Points:

Phoenix Holdings Ltd., a leading Israel-based financial, insurance, and investment group (TLV:PHOE) (“Phoenix,” the “Group,” or the “Company”), today reported its results for the third quarter of 2023.
Phoenix made direct donations and facilitated donations from organizations and people around the world for immediate and urgent needs.
The results for the third quarter of 2023 reflect the continued improvement in core income across the Group’s activities and the continued execution of our growth strategy in the insurance, asset management, distribution, and credit businesses.
The comprehensive income before tax for the third quarter of 2023 amounted to NIS 22 million, compared to a comprehensive income of NIS 24 million before tax in the third quarter of 2022.

The Tel-Aviv Stock Exchange Reports the Financial Results for the Third Quarter of 2023

Retrieved on:

Tuesday, November 21, 2023

TASE concludes another strong quarter, marked by continued and sustained organic growth in both revenue and profit across all core activities.

Key Points:

TASE concludes another strong quarter, marked by continued and sustained organic growth in both revenue and profit across all core activities.
TEL AVIV, Israel, Nov. 21, 2023 /PRNewswire/ -- The Tel-Aviv Stock Exchange Ltd. (TASE: TASE) today announced its financial results for Q3 2023 that ended on September 30, 2023.
The costs in Q3 2023 totaled NIS 72.1 million, compared to NIS 68.8 million in the corresponding quarter last year, an increase of 5%.
In the third quarter of 2023, there were 61 trading days, similarly to the number of days in the corresponding quarter last year.

CELLCOM ISRAEL LTD. Announces Annual General Meeting of Shareholders

Retrieved on:

Wednesday, November 15, 2023

Transfer, DTC, Meeting, Ernst & Young, Tel Aviv Stock Exchange, Bank statement, Annual general meeting, Report, KOST, Mass meeting, FICC, Electronic, TASE, Holding company, Security (finance)

NETANYA, Israel, Nov. 15, 2023 /PRNewswire/ -- Cellcom Israel Ltd. (TASE: CEL) (the "Company") announces that an Annual General Meeting of Shareholders ("the Meeting") will convene on Thursday, December 21, 2023, at 15:00 p.m. (Israel time), at the offices of the Company, 10 Ha'gavish Street, Netanya, Israel.

Key Points:

NETANYA, Israel, Nov. 15, 2023 /PRNewswire/ -- Cellcom Israel Ltd. (TASE: CEL) (the "Company") announces that an Annual General Meeting of Shareholders ("the Meeting") will convene on Thursday, December 21, 2023, at 15:00 p.m. (Israel time), at the offices of the Company, 10 Ha'gavish Street, Netanya, Israel.
An adjourned Meeting, if required, will be held on Thursday December 28, 2023, at the same time and at the same place.
The record date for the Meeting is Wednesday, November 22, 2023.
Voting through an Electronic voting card shall be possible until six (6) hours before the assembly time of the General Meeting.