Subsequent events |
6 Months Ended |
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Jun. 30, 2023 | |
Subsequent Events [Abstract] | |
Subsequent events | Note 8 – Subsequent events
On July 13, 2023, the compensation committee of the board of directors of the Company reduced the exercise price of outstanding options of certain officers and directors of the Company for the purchase of an aggregate of shares of common stock (with exercise prices of $ per Share) to $ per share, which was the closing price for the Company’s shares on July 13, 2023. The exercise price reduction includes options held by, among others, the Company’s named executive officers with respect to the following number of shares: (i) Ronen Luzon, the Company’s Chief Executive Officer and director: shares, (ii) Or Kles, the Company’s Chief Financial Officer: shares, and (iii) Billy Pardo, the Company’s Chief Operating Officer and Chief Product Officer: shares.
The incremental compensation cost resulting from the repricing is approximately $10. |