NIS

MAGIC SOFTWARE ANNOUNCES SELECTED PRELIMINARY THIRD QUARTER 2023 FINANCIAL RESULTS

Retrieved on: 
Wednesday, November 8, 2023

Or Yehuda, Israel, Nov. 08, 2023 (GLOBE NEWSWIRE) -- Magic Software Enterprises Ltd. (NASDAQ and TASE: MGIC) (the “Company”), a global provider of IT consulting services and end-to-end integration and application development platforms solutions, today provided certain selected preliminary unaudited financial results for the third quarter ended September 30, 2023.

Key Points: 
  • Company will announce results for the third quarter of 2023 on November 14, 2023
    Or Yehuda, Israel, Nov. 08, 2023 (GLOBE NEWSWIRE) -- Magic Software Enterprises Ltd. (NASDAQ and TASE: MGIC) (the “Company”), a global provider of IT consulting services and end-to-end integration and application development platforms solutions, today provided certain selected preliminary unaudited financial results for the third quarter ended September 30, 2023.
  • Magic Software’s management will host a conference call on Tuesday, November 14, 2023, at 9:00 am Eastern Standard Time (16:00 Israel time) to review and discuss Magic Software’s third quarter 2023 results.
  • Magic Software believes that these non-GAAP measures of financial results provide useful information to management and investors regarding certain financial and business trends relating to Magic Software’s financial condition and results of operations.
  • Magic Software urges investors to review the reconciliation of its non-GAAP financial measures to the comparable GAAP financial measures, which it includes in press releases announcing quarterly financial results, including this press release, and not to rely on any single financial measure to evaluate the Company’s business.

Novo Holdings A/S, a subsidiary of Novo Nordisk Foundation, becomes interested party in the Tel Aviv Stock Exchange (TASE), holding 8.42% shares

Retrieved on: 
Tuesday, November 7, 2023

TEL AVIV, Israel, Nov. 7, 2023 /PRNewswire/ -- The Tel Aviv Stock Exchange Ltd (TASE: TASE) is pleased to announce the receipt, on Nov 02, 2023, of a notification from Novo Holdings A/S (hereafter: "the Interested Party"), a foreign company registered in Denmark, informing the Company that it is now an interested party in the Company, following the purchase in an OTC transaction of 4,312,024 shares for a consideration of NIS 17.3 per share.

Key Points: 
  • TEL AVIV, Israel, Nov. 7, 2023 /PRNewswire/ -- The Tel Aviv Stock Exchange Ltd (TASE: TASE) is pleased to announce the receipt, on Nov 02, 2023, of a notification from Novo Holdings A/S (hereafter: "the Interested Party"), a foreign company registered in Denmark, informing the Company that it is now an interested party in the Company, following the purchase in an OTC transaction of 4,312,024 shares for a consideration of NIS 17.3 per share.
  • Subsequent to the aforesaid purchase, the Interested Party holds 7,785,515 shares of the Company, representing approximately 8.42% of the Company's issued share capital and the voting rights therein.
  • Additionally, the Interested Party has informed the Company that it holds a holding permit from the Israel Securities Authority for a holding of up to 10%, subject to the terms set out in said permit.
  • To complete the picture, it should be noted that the Interested Party is a subsidiary of Novo Nordisk Foundation, a business fund without a controlling shareholder, incorporated in Denmark.

Notice of Extraordinary General Meeting of Shareholders

Retrieved on: 
Tuesday, October 31, 2023

Only shareholders of record at the close of business on November 6, 2023, are entitled to notice of and to vote at the Meeting or at any adjournment thereof.

Key Points: 
  • Only shareholders of record at the close of business on November 6, 2023, are entitled to notice of and to vote at the Meeting or at any adjournment thereof.
  • On October 30, 2023, Symetryx publicly filed a notice attempting to convene an extraordinary general meeting of shareholders of the Company for Monday, December 4, 2023, at 4:00pm, Israel time, for the replacement of Check-Cap’s Board, pursuant to Section 64 of the Companies Law.
  • We believe that under such circumstances, it is evident that the Company (and its shareholders) will not be harmed by including both matters on the agenda of a single extraordinary general meeting of shareholders; therefore, there is no need or justification for compelling the Check-Cap Board to convene an additional, separate extraordinary general meeting of shareholders specifically for director elections, within a matter of a few days or weeks prior to the date of the extraordinary general meeting that will be convened for the approval of the Keystone transaction, with all the associated costs.
  • At least two shareholders present, in person or by proxy, will constitute a quorum at the adjourned meeting.

InterCure Wins Cannolam Arbitration Proceeding

Retrieved on: 
Tuesday, October 31, 2023

Additionally, the arbitrator determined that Cannolam owes InterCure significant amounts (tens of NIS millions), which InterCure has claimed as part of the Arbitration, in recognition of InterCure's ongoing support to Cannolam.

Key Points: 
  • Additionally, the arbitrator determined that Cannolam owes InterCure significant amounts (tens of NIS millions), which InterCure has claimed as part of the Arbitration, in recognition of InterCure's ongoing support to Cannolam.
  • The minority shareholders did not transfer their part of the Cannolam debt owed to InterCure, and as a result, in accordance with the Arbitration decision, their shares in Cannolam were transferred to InterCure.
  • As a result, as of the date hereof, InterCure now holds 100% of the shares in Cannolam, which has the exclusive right to use the “Cookies™” brand in Israel and other territories.
  • The CEO of InterCure, Alexander Rabinovich, commented: "We are pleased to announce the end of the arbitration process and acceptance of InterCure claims.

Industrial Control Systems Security Market size worth $ 27.65 Billion, Globally, by 2030 at 6.96% CAGR: Verified Market Research®

Retrieved on: 
Thursday, November 2, 2023

JERSEY CITY, N.J., Nov. 2, 2023 /PRNewswire/ -- The Global Industrial Control Systems Security Market is projected to grow at a CAGR of 6.96% from 2023 to 2030, according to a new report published by Verified Market Research®. The report reveals that the market was valued at USD 14.46 Billion in 2022 and is expected to reach USD 27.65 Billion by the end of the forecast period.

Key Points: 
  • Global Industrial Control Systems Security Market: Safeguarding Critical Infrastructure in the Face of Evolving Cyber Threats
    In an era marked by escalating cyber threats and the indispensable role of industrial control systems in various sectors, the Global Industrial Control Systems Security Market stands as a beacon of robust defense.
  • Industrial Control Systems Security Market: A Comprehensive Approach
    Industrial Control Systems Security represents a comprehensive array of meticulously developed goods, services, and solutions crafted to safeguard vital industrial control systems and critical infrastructure.
  • Based on the research, Verified Market Research® has segmented the global Industrial Control Systems Security Market into Component, Security, Vertical, And Geography.
  • Industrial Control Systems Security Market, by Component
    Industrial Control Systems Security Market, by Security

Industrial Control Systems Security Market size worth $ 27.65 Billion, Globally, by 2030 at 6.96% CAGR: Verified Market Research®

Retrieved on: 
Thursday, November 2, 2023

JERSEY CITY, N.J., Nov. 2, 2023 /PRNewswire/ -- The Global Industrial Control Systems Security Market is projected to grow at a CAGR of 6.96% from 2023 to 2030, according to a new report published by Verified Market Research®. The report reveals that the market was valued at USD 14.46 Billion in 2022 and is expected to reach USD 27.65 Billion by the end of the forecast period.

Key Points: 
  • Global Industrial Control Systems Security Market: Safeguarding Critical Infrastructure in the Face of Evolving Cyber Threats
    In an era marked by escalating cyber threats and the indispensable role of industrial control systems in various sectors, the Global Industrial Control Systems Security Market stands as a beacon of robust defense.
  • Industrial Control Systems Security Market: A Comprehensive Approach
    Industrial Control Systems Security represents a comprehensive array of meticulously developed goods, services, and solutions crafted to safeguard vital industrial control systems and critical infrastructure.
  • Based on the research, Verified Market Research® has segmented the global Industrial Control Systems Security Market into Component, Security, Vertical, And Geography.
  • Industrial Control Systems Security Market, by Component
    Industrial Control Systems Security Market, by Security

Arieli Capital Announces Southern Starlight Initiative to Support Southern Israeli Startups with 5 million NIS allocation

Retrieved on: 
Monday, October 30, 2023

Arieli, an active investor in the next generation of technology companies, and a recognized global leader in innovation, is deeply committed to supporting the wellbeing and success of Israeli startups.

Key Points: 
  • Arieli, an active investor in the next generation of technology companies, and a recognized global leader in innovation, is deeply committed to supporting the wellbeing and success of Israeli startups.
  • Recognizing the sudden challenges faced by startups in Israel's south, Southern Starlight funding will extend to companies whose founders hail from the southern region, reflecting our continuing commitment to fortifying Israel's economy.
  • Early-stage startups, particularly those from the southern regions that have been affected by recent events, are invited to explore the opportunity now offered by the Southern Starlight initiative.
  • Early stage companies with innovative ideas and a determination to overcome obstacles are encouraged to complete the application form by clicking here .

Crypto Aid Israel Passes $185K in Donations as 30+ Web3 Companies Join The Emergency Relief Initiative

Retrieved on: 
Thursday, October 26, 2023

The community-backed initiative has raised over $185,000 USD (approximately 700,000 NIS), representing a testament to the solidarity and collective power of the Web3 and crypto community.

Key Points: 
  • The community-backed initiative has raised over $185,000 USD (approximately 700,000 NIS), representing a testament to the solidarity and collective power of the Web3 and crypto community.
  • Other major companies contributing to the campaign via awareness or financial contributions include crypto wallet provider Zengo, Fuse, Wonderland, Psagot Equity and many more.
  • Crypto Aid Israel is also announcing two completed rounds of aid distribution to several organizations at the forefront of the relief efforts.
  • Tim Freed, a senior leader within Crypto Aid Israel commented: "We are deeply humbled by the outpouring of support from the global crypto community.

Pomerantz Law Firm Announces Extended Lead Plaintiff Motion Deadline of October 16, 2023 in the Securities Lawsuit Pending Against Hub Cyber Security Ltd. f/k/a Hub Cyber Security (Israel) Ltd. and Certain Officers and Directors – HUBC; HUBCZ; HUBCW; RNER

Retrieved on: 
Wednesday, October 11, 2023

The caption for the action is: Green v. Hub Cyber Security Ltd. et al., Case No.

Key Points: 
  • The caption for the action is: Green v. Hub Cyber Security Ltd. et al., Case No.
  • Plaintiff pursues claims against Defendants under the Securities Act of 1933 (“Securities Act”) and the Securities Exchange Act of 1934 (“Exchange Act”).
  • Those who inquire by e-mail are encouraged to include their mailing address, telephone number, and the number of shares purchased.
  • Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions.

NurExone Secures Eureka Grant for Collaborative Partnership to Expand to Chronic Spinal Cord Injury Therapy

Retrieved on: 
Wednesday, October 11, 2023

The grant is for a collaboration with Canada-based Inteligex Inc. (“Inteligex”) to develop an innovative hybrid therapy tailored for the complex chronic spinal cord injury market.

Key Points: 
  • The grant is for a collaboration with Canada-based Inteligex Inc. (“Inteligex”) to develop an innovative hybrid therapy tailored for the complex chronic spinal cord injury market.
  • Currently, NurExone is in the process of developing the ExoPTEN product specifically for acute spinal cord injuries.
  • This collaborative effort opens the possibility for the Company to expand its focus to chronic spine injuries.
  • Dr. Lior Shaltiel, CEO of NurExone, expressed his excitement about this prestigious grant, stating, “NurExone aims to lead in functional recovery for both acute and chronic segments of the multi-billion-dollar spinal cord injury market.