Note 13:- DISPOSAL GROUP HELD FOR SALE AND DISCONTINUED OPERATIONS

On August 13, 2025, Sapiens International Corporation N.V. (“Sapiens”), which was a subsidiary of the Company at that time, announced that it had entered into a definitive agreement to be acquired by Advent International, a leading global private equity investor, for $43.50 per common share in an all-cash transaction (the “Transaction”).

Under the terms of the Transaction, the Company agreed to retain a significant minority ownership interest in Sapiens through an indirect holding structure. Following completion of the Transaction, the Company holds approximately an 18.68% equity interest in Sapiens through SI Swan UK Topco Limited (“SI Swan”), the ultimate parent company of Sapiens.

On November 19, 2025, Sapiens held an extraordinary general meeting of shareholders, at which all proposals required to approve the Transaction were duly approved.

On December 17, 2025, the Transaction was completed. Immediately prior to the closing, the Company held approximately 43.5% of the outstanding share capital of Sapiens. In connection with the Transaction, the Company (i) sold 17,418,214 Sapiens common shares for aggregate cash consideration of $757,692, and (ii) contributed 6,896,552 Sapiens common shares to SI Swan in exchange for equity interests therein. The contributed shares were valued at $300,000 for purposes of the Transaction. The retained investment in SI Swan is accounted for fair value through profit or loss.

As a result of the Transaction, the Company’s direct equity interest in Sapiens was replaced with an indirect equity interest of approximately 18.68% in SI Swan, and the Company ceased to have a controlling financial interest in Sapiens. Accordingly, the Company deconsolidated Sapiens as of the closing date and recognized a net gain on disposal of approximately $578,314.