Related Party Transactions |
6 Months Ended |
|---|---|
Jun. 30, 2026 | |
| Related Party Transactions [Abstract] | |
| Related Party Transactions | 21. Related Party Transactions
In 2024 the Company has engaged Newton Incorporated, an investor relations firm owned and operated by our Chief Executive Officer, Chagay Ravid, to provide investor relations and strategic communications services. Newton was engaging other sub contractors for IR services in Europe. This arrangement was entered into prior to Mr. Ravid’s appointment as Chief Executive Officer. During the three and six months ended June 30, 2026, the Company paid approximately $0.0 thousand and $55.0 thousand to Newton Incorporated, respectively, and $0.2 million during the year ended December 31, 2025. In July 2026, the Company paid Newton Incorporated a success fee of $125,000, which was approved by the Board of Directors. All transactions were reviewed and approved in accordance with the Company’s related party transaction policies.
During June 2026, the Company issued shares to Scadenet Ltd and Anat Attia in connection with (1) the purchase of intellectual property and (2) an option to acquire real estate, both transactions previously disclosed in this report. As a result of these share issuances, Scadenet Ltd and Anat Attia each became shareholders owning more than 10% of the Company’s outstanding common stock and are considered related parties under ASC 850, Related Party Transactions.
The Company will continue to monitor and evaluate its related party transactions to ensure that they are conducted in accordance with applicable laws and regulations and in the best interests of the Company and its shareholders.
|