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ParaZero Technologies | POS AM: Post-effective amendment to a registration statement that is not immediately effective upon filing

SEC announcement ·  Mar 22 05:22
Summary by Futu AI
ParaZero Technologies Ltd., an aerospace company specializing in drone safety systems, has filed a post-effective amendment to its Form F-1 registration statement with the Securities and Exchange Commission (SEC) on March 21, 2024. The amendment includes updated financial information and supplements the original registration statement filed on November 6, 2023, which became effective on November 15, 2023. The original registration covered the resale of up to 14,836,366 ordinary shares by selling shareholders. This amendment, however, does not register additional securities but updates and supplements information contained in the original registration statement. The amendment pertains to the sale of ordinary shares by selling shareholders from time to time, with all filing fees previously paid during the initial filing. The prospectus, dated March 21, 2024, relates to the resale of...Show More
ParaZero Technologies Ltd., an aerospace company specializing in drone safety systems, has filed a post-effective amendment to its Form F-1 registration statement with the Securities and Exchange Commission (SEC) on March 21, 2024. The amendment includes updated financial information and supplements the original registration statement filed on November 6, 2023, which became effective on November 15, 2023. The original registration covered the resale of up to 14,836,366 ordinary shares by selling shareholders. This amendment, however, does not register additional securities but updates and supplements information contained in the original registration statement. The amendment pertains to the sale of ordinary shares by selling shareholders from time to time, with all filing fees previously paid during the initial filing. The prospectus, dated March 21, 2024, relates to the resale of up to 4,636,364 ordinary shares issuable upon the exercise of Series A warrants as part of a private placement in October 2023. The company will not receive proceeds from the sale of shares by the selling shareholders but may receive proceeds from the exercise of warrants. ParaZero is listed on the Nasdaq Capital Market under the symbol 'PRZO.'

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