Wednesday, February 09, 2022 1:26:46 PM
The Company together with its subsidiaries held approximately USD 30 million in cash and cash equivalents as of June 30, 2021. No debt
ScoutCam Inc., Investment: SCTC Market cap $40M
On March 22, 2021, ScoutCam consummated a private placement of USD 20 million. Currently, the Company approximately owns 27.76% of the outstanding common stock of ScoutCam
Polyrizon
Following share purchase agreement Polyrizon signed with its current shareholders to raise an amount of USD 800 thousands, the Company invested an amount of USD 297 thousands on September 2, 2021. Currently the company hold 34.74% on Polyrizon on a fully diluted basis.
Smart Repair Pro Inc. and Purex Corp
On May 16, 2021, the Company entered into a stock exchange and plan of restructuring agreement, with Victor Hamon, an existing shareholder of Pro and Purex, on one hand and Jeffs’ Brands Ltd. (hereinafter - “Jeffs’ Brands”) on the other hand, pursuant to which, among other things, each of the Company and Vicky Hacmon transferred to Jeff’s Brands, all of Purex’s and Pro’ shares of common stock held by him (the “Transferred Shares”), in consideration of such number of Jeff’s Brands ordinary shares issued to the each of the Company and Victor Hacmon, in such number determined on the basis of the mechanics prescribed thereunder, thus resulting in each of Pro and Purex becoming a wholly-owned subsidiary of Jeff’s Brands. To date, the Company has invested approximately USD 5.4 million in Jeff’s Brands and holds 50.3% of its shares.
Eventer
Eventer consummated a share purchase agreement at an aggregate amount of USD 2.25 million, out of which the Company invested USD 300 thousand and currently holds approximately 47.69% of Eventer shares on a fully diluted basis. On June 3, 2021, Eventer submitted first public prospectus draft for the initial public offering (IPO) of Eventer’s shares on the Tel Aviv Stock Exchange Ltd.
100% of Charging Robotics Ltd ( Automax has option for 5% for 30M making value of $600M)
On June 17, 2021, Charging Robotics signed a definitive distribution agreement with Automax. As part of the Distribution Agreement, Automax will pay Charging Robotics a one-time payment of USD 50 thousand for its appointment as the exclusive distributor in Israel and Greece. Additionally, Automax will have a five year option to purchase up to 5% of Charging Robotics’ ordinary shares at a USD 30 million pre-money valuation on a fully diluted basis
Gix Internet Ltd.
Ad-Tech and Online Advertising - During 2020, the Company elected to convert all of its ordinary shares in Gix Media, into Gix Internet’s ordinary shares, as part of the Company’s investment agreement in Gix Internet. As of completion of the conversion rights the Company had, the Company owns approximately 33% of Gix Internet’s issued and outstanding share capital.
As of June 30, 2021, the Company also owns 5.1% of Elbit Imagining Ltd , 4.73% in Automax Ltd. (formerly known as Matomy Ltd.), 5., 2.09% in Maris-Tech Ltd. (hereinafter – “Maris”) and 0.8% in Safe Foods, Inc. (hereinafter – “SAFO”).
Revoltz Ltd
On February 19, 2021, the Company entered into a joint venture agreement, with Amir Zaid and Weijian Zhou and the Company’s wholly owned subsidiary, Charging Robotics, for the purpose of developing and commercializing three modular electric vehicle (EV) micro mobility vehicles for urban individual use and “last mile” cargo delivery. Pursuant to the terms of the joint venture agreement, the Company initially owns 19.99%, upon the consummation of an investment in a milestone financing of USD 1.350million in the aggregate, the Company will be entitled to own 50.01% of the issued and outstanding share capital of the joint venture.
https://medigus.com/wp-content/uploads/2021/08/Medigus_pres_Dec21_P-1_compressed.pdf
Recent MDGS News
- Xylo Technologies: ParaZero Received Order from a Leading Tier-One Defense Company for 50 Drone Safety Systems • GlobeNewswire Inc. • 08/15/2024 01:25:00 PM
- Xylo Technologies: Revoltz to Launch an Innovative Three-Wheel Electric Cargo Bike for European and UK Markets • GlobeNewswire Inc. • 08/14/2024 01:22:00 PM
- Xylo Technologies Announces Plan to Implement ADS Ratio Change • GlobeNewswire Inc. • 07/30/2024 08:00:00 PM
- Xylo Technologies: Charging Robotics Lands Commercial Order for EV Wireless Charging Systems in Automatic Car Parks • GlobeNewswire Inc. • 07/23/2024 12:22:00 PM
- Xylo Technologies: Charging Robotics Secures First Commercial Order for EV Wireless Charging Systems in Automatic Car Parks • GlobeNewswire Inc. • 06/27/2024 12:13:00 PM
- Xylo: Gix Internet Signed MOU for Investment and Merger with an AI- Robotics Company • GlobeNewswire Inc. • 06/06/2024 01:27:00 PM
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- Xylo Technologies Files its 2023 Annual Report on Form 20-F • GlobeNewswire Inc. • 04/22/2024 08:05:00 PM
- Medigus Announces Corporate Rebranding Changes Name to Xylo Technologies Ltd. to Reflect Core Values of its Business • GlobeNewswire Inc. • 04/09/2024 08:03:00 PM
- Medigus Reaps Success with First Installation of a Wireless Charging System for Automatic Car Parks • GlobeNewswire Inc. • 04/01/2024 11:49:00 AM
- Medigus: Revoltz Initiates on Exclusive Distribution Agreement of $2.7 Million in Revenues and Completes the Production of the First 50 PORTO Micro-Mobility EVs • GlobeNewswire Inc. • 03/27/2024 11:55:00 AM
- Medigus: Charging Robotics Announces Successful Installment of its Wireless Charging System for Automatic Car Parks • GlobeNewswire Inc. • 03/19/2024 01:25:00 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 03/07/2024 09:19:48 PM
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- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 12/27/2023 01:10:37 PM
- Medigus: Charging Robotics Announces Positive Results in Transferring High Voltage Wireless Electricity Needed for EV Charging • GlobeNewswire Inc. • 12/27/2023 01:10:00 PM
- Medigus: Charging Robotics Targets the $1.8 Billion Automated Parking Market for EV Wireless Charging Solution • GlobeNewswire Inc. • 12/26/2023 12:11:00 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 12/21/2023 12:01:20 PM
- Medigus: ParaZero Successfully Completed its Drone Safety Project with a Fortune 500 Leading Automotive Manufacturer • GlobeNewswire Inc. • 12/21/2023 11:59:00 AM
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