v3.26.1
RELATED PARTIES TRANSACTIONS (Tables)
 12 Months Ended
Dec. 31, 2025
Related Party Transactions [Abstract]  
SCHEDULE OF RELATED PARTIES TRANSACTIONS

 

             
   Year ended December 31 
   2025   2024   2023 
   U.S. dollars in thousands 
Balances With Related Parties:               
Promissory note   -    2,151    - 
Transactions with Related Parties:               
Advisory fees:               
Digital assets advisory fees (1)   115    -    - 
Finance expenses:               
Interest expense related to Promissory note   160    121    - 
Share-based compensation:               
Research and development income, net   -    62    (163)
General and administrative expenses (2)   6,497    140    76 

 

(1)In connection with the Private Placement, the Sponsor (a related party) was entitled to advisory fees, including equity-based compensation consisting of ordinary shares, pre-funded warrants and sponsor warrants. See Note 12 for further details.

 

(2)On July 31, 2025, the Company’s Board approved the appointment of a new Chief Executive Officer (the “New CEO”), effective July 31, 2025. The newly appointed CEO also joined the Company’s Board.