Dror Ortho Design Inc (DROR)

[OMOLIVES]

Well...rom the $5 Million raise:

Automatic Conversion



On the trading day immediately following any day the Company is able to satisfy some or all of its reservation requirements pursuant to the Certificate of Designation (the “Automatic Conversion Time”), all, but not less than all, of the outstanding shares of Series A Preferred Stock for which Common Stock has been reserved will automatically convert, without any action on the part of the holder thereof and without payment of any additional consideration, into that number of shares of reserved Common Stock, determined by dividing the stated value of such share of Series A Preferred Stock by the Series A Conversion Price. The Company will provide prompt written notice to the holders of Series A Preferred Stock of the Automatic Conversion Time on the trading day immediately following the Automatic Conversion Time.

Further:

On July 5, 2023, Private Dror entered into a share exchange agreement with the Company and on August 14, 2023 the share exchange was consummated (the “Share Exchange”)

Also, there are options that are currently in play and those bring in cash to the Compnay...so in some ways a one off...but remember there are 3.2 Billion fully diluted in the til' This of course will be reduced through consolidation and those shares that have recently emerged are no part of that consolidation :) That's good.