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Redeemable Convertible Preferred Shares and Shareholders' Equity
 12 Months Ended
Dec. 31, 2024
Redeemable Convertible Preferred Shares and Shareholders [Abstract]  
REDEEMABLE CONVERTIBLE PREFERRED SHARES AND SHAREHOLDERS' EQUITY

NOTE 14 - REDEEMABLE CONVERTIBLE PREFERRED SHARES AND SHAREHOLDERS’ EQUITY:

 

a.As of December 31, 2024 and 2023, the share capital is composed of shares as follows:

 

   December 31, 2024 
   Authorized   Issued and paid   Carrying
Value		   Liquidation
Preference		 
Ordinary Shares   49,200,191    18,720,287   $865   $
      -
 

 

   December 31, 2023 
   Authorized   Issued and paid   Carrying
Value		   Liquidation
Preference		 
Ordinary Shares   16,987,315    5,276,184   $320    
-
 
Preferred A Shares   1,343,233    755,566   $5,804    
-
 
Preferred A-1 Shares   235,678    
-
   $
-
    
-
 
Preferred A-2 Shares   257,062    
-
   $
-
    
-
 
Preferred A-3 Shares   1,835,964    1,437,045   $9,882    
-
 
Preferred B Shares   439,091    333,366   $2,292    
-
 
Preferred C Shares   2,195,457    590,059   $8,967   $9,039 
Preferred D Shares   2,195,457    1,587,881   $43,592   $64,152 
Preferred D-1 Shares   1,602,684    
-
   $
-
    
-
 
Preferred D-2 Shares   1,646,593    
-
   $
-
    
-
 
Preferred D-3 Shares   878,183    
-
   $
-
    
-
 
Preferred D-4 Shares   1,251,411    
-
   $
-
    
-
 
Preferred D-5 Shares   768,410    
-
   $
-
    
-
 
Preferred D-6 Shares   373,228    
-
   $
-
    
-
 
b.Each ordinary share confers upon its holder the right to one vote and to receive dividends as declared by the Board of Directors of the Company. Since inception, the Company has not declared any dividends.

 

c.During the second quarter of 2024 and prior to the IPO, certain Preferred D Shares were converted to a total of 10,600 Ordinary Shares (adjusted to reflect the share split as discussed in note 2gg).

 

Upon closing of the IPO, all issued and outstanding preferred shares were automatically converted into aggregate of 4,693,318 ordinary shares. As such, the Company reclassified the preferred shares carrying amount totaling to $70,241 into permanent equity (see Note 1(b)).

 

Following the IPO, and as of December 31, 2024, the authorized share capital of the Company is 49,200,191 ordinary shares with no par value.