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PolyPid Ltd. Form 6-K: New Director Appointment & Q4 2024 Financial Results

$PYPD
Form 6-K
Filed on: 2025-02-12
Source
PolyPid Ltd. Form 6-K: New Director Appointment & Q4 2024 Financial Results

Based on the provided financial report excerpt from PolyPid Ltd., here are the key insights and information extracted:

  1. Report Type and Date:
  • The document is a Form 6-K, a report of a foreign private issuer filed with the SEC.
  • The filing date is February 12, 2025, covering the month of February 2025.
  1. Company Information:
  • Name: PolyPid Ltd.
  • Address: 18 Hasivim Street, Petach Tikva 495376, Israel.
  • Commission File Number: 001-38428.
  1. New Director Appointment:
  • Yitzchak Jacobovitz was appointed to the Board of Directors, effective February 10, 2025.
  • Jacobovitz's background includes:
    • Partner at AIGH Capital Management since 2014.
    • Director at Myomo, Inc. since January 2023.
    • Previously served as managing director at Capstone and analyst at Leap Tide Capital.
    • Holds an MBA from Johns Hopkins University and is a Chartered Financial Analyst.
  • The Board has determined that Jacobovitz is independent under Nasdaq rules and has agreed to serve without compensation.
  1. Corporate Updates:
  • A press release was issued on February 12, 2025, providing a corporate update and reporting fourth-quarter financial results for 2024.
  • The press release includes sections on recent corporate highlights, quarterly financial results, full-year financial results, balance sheet highlights, and forward-looking statements.
  1. Incorporation by Reference:
  • The filing incorporates by reference various financial statements and highlights from the press release, which are pertinent for understanding the company's financial performance and position.
  1. Signature:
  • The report is signed by Dikla Czaczkes Akselbrad, the Chief Executive Officer of PolyPid Ltd., on February 12, 2025.

This report reflects important governance changes within the company and signals ongoing efforts to keep investors informed about its financial health and strategic direction. The appointment of an experienced director may enhance the company's governance and operational oversight.