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ParaZero Technologies Ltd. 6-K Report: Shareholder Meeting & Board Updates

$PRZO
Form 6-K
Filed on: 2025-02-20
Source
ParaZero Technologies Ltd. 6-K Report: Shareholder Meeting & Board Updates

Here are the key insights extracted from the financial report of ParaZero Technologies Ltd. (Form 6-K):

  1. Company Information:
  • Name: ParaZero Technologies Ltd.
  • Address: 1 Hatachana Street, Kfar Saba, 4453001, Israel.
  1. Filing Details:
  • Type: Form 6-K (Report of Foreign Private Issuer).
  • Commission file number: 001-41760.
  • Date of Filing: February 20, 2025.
  1. Special Shareholders Meeting:
  • Date and Time: March 27, 2025, at 10:00 a.m. (Israel time).
  • Location: Offices of Gornitzky & Co., 20 HaHarash Street, Tel Aviv, 6761310, Israel.
  • The meeting will cover various proposals that shareholders will vote on.
  1. Documents Furnished:
  • Exhibit 99.1: Notice and Proxy Statement detailing proposals and voting procedures.
  • Exhibit 99.2: Proxy Card for shareholders to vote without attending in person.
  1. Board Composition Update:
  • ParaZero has opted out of the requirement to have two External Directors on its Board under Israeli Companies Law, citing its listing on Nasdaq as a basis for exemption.
  • The Board includes a majority of independent directors in compliance with Nasdaq rules.
  • Ms. Naama Falach Avrahami and Mr. Yigal Shtief are continuing as Board members, with Ms. Avrahami classified as Class II and Mr. Shtief as Class III directors.
  1. Regulatory Compliance:
  • The Company affirms that it complies with Nasdaq’s requirements regarding independent directors and the composition of its audit and compensation committees.
  1. Reference to Other Filings:
  • This report is incorporated by reference into the Registrant’s Registration Statements on Form S-8 and Form F-3.
  1. Signature:
  • The report is signed by Boaz Shetzer, the Chief Executive Officer of ParaZero Technologies Ltd., confirming the authenticity of the filing.

This report provides insight into the company's governance, upcoming shareholder engagement, and regulatory compliance, which are crucial for investors and stakeholders monitoring ParaZero Technologies Ltd.