Odysight.ai Inc. (formerly ScoutCam Inc.) has announced the cashless exercise of warrants by its investors, resulting in the issuance of 407,497 shares of common stock. This action follows a previous stock purchase agreement dated March 16, 2023, where the company sold an aggregate of 3,294,117 units, each consisting of one share of common stock and one warrant with an exercise price of $5.50. The cashless exercise occurred on March 25, 2026, allowing investors to convert their warrants into shares without the need for cash payment, thereby increasing the total number of shares outstanding. This move is expected to have a small positive effect on the stock price as it reflects investor confidence and provides the company with additional equity capital without immediate cash outflow. The company continues to navigate its operational strategy and financial positioning in the market, aiming for growth and stability in its sector.

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