Annual report pursuant to Section 13 and 15(d)

Subsequent Events

v3.22.1
Subsequent Events
 12 Months Ended
Dec. 31, 2021
Subsequent Events [Abstract]  
SUBSEQUENT EVENTS
NOTE 19 - SUBSEQUENT EVENTS

 

  A. In January 2022, the Company received NIS 2,243 (approximately $721) from the IIA as part of the two approved programs in 2021, after submitting interim reports for the first six months of 2021.

 

  B. In March 2022, the IIA approved a new application for a total budget of NIS 13,004 (approximately $4,022). The IIA committed to fund 30% of the approved budget. The program is for the period beginning January 2022 through December 2022.

 

  C. In March 2022, the Board approved the grant of 1,153,500 options to 89 employees, one consultant, three senior officers and five directors under the 2019 Plan, without consideration. Options were granted at an exercise price of $1.41 per share with a vesting period of four years. Directors and senior officers are entitled to full acceleration of their unvested options upon the occurrence of both a change in control of the Company and the end of their engagement with the Company.

 

  D. From January 1, 2022 through March 25, 2022, the Company issued an aggregate of 26,011 shares of Common Stock pursuant to the ATM Agreement for aggregate net proceeds of $35.