ReWalk Robotics Ltd. Finalizes Corporate Name Change to Lifeward Ltd.

Rhea-AI Summary

ReWalk Robotics has officially changed its name to Lifeward , completing the rebranding initiative announced on January 29, 2024. The change follows shareholder approval on September 4, 2024, and approval from the Israel Companies Registrar on September 10, 2024. This transformation reflects the company's expanded mission to elevate care standards for overcoming physical limitations and disabilities.

CEO Larry Jasinski stated that the rebranding aligns with Lifeward's goal to empower individuals to pursue their passions despite physical challenges. The company's U.S. and German subsidiaries have already adopted the new name, and the stock will continue trading under the symbol 'LFWD' on Nasdaq. The new name will be effective for trading starting September 13, 2024.

Positive

• Completed corporate rebranding initiative, reflecting an expanded mission
• Maintained consistent trading symbol 'LFWD' on Nasdaq for investor continuity

Negative

• None.

Following approval by the shareholders and the Israel Companies Registrar, Lifeward has completed is rebranding initiative with a formal name change of the parent company in Israel

MARLBOROUGH, Mass. and YOKNEAM ILLIT, Israel, Sept. 12, 2024 (GLOBE NEWSWIRE) -- ReWalk Robotics Ltd. (DBA Lifeward^®) (Nasdaq: LFWD) (“Lifeward” or the “Company”), a global market leader delivering life-changing solutions to revolutionize what is possible in rehabilitation, recovery, and the pursuit of life’s passions in the face of physical limitation or disability, is pleased to announce that the Company has formally changed its name from ReWalk Robotics Ltd. to Lifeward Ltd. in completion of the rebranding initiative originally announced on January 29, 2024. The name change follows shareholder approval received on September 4, 2024, as well as the approval of the name change by the Israel Companies Registrar on September 10, 2024.

“We are pleased to have finalized this corporate rebrand so quickly after shareholder approval,” said Larry Jasinski, Chief Executive Officer at Lifeward. “The transformation of our corporate identity from ReWalk Robotics into Lifeward is reflective of the Company’s expanded mission to elevate the standard of care in overcoming physical limitations and disabilities and to empower individuals to do what they love.”

The Company’s subsidiaries in the United States and Germany have previously completed name changes earlier this year to align with the Lifeward brand. The Company’s trading symbol has also already been changed as part of the rebrand and will remain trading under "LFWD". Effective as of market open on September 13, 2024, the Company will begin trading under its new name.

About Lifeward
Lifeward designs, develops, and commercializes life-changing solutions that span the continuum of care in physical rehabilitation and recovery, delivering proven functional and health benefits in clinical settings as well as in the home and community. Our mission at Lifeward is to relentlessly drive innovation to change the lives of individuals with physical limitations or disabilities. We are committed to delivering groundbreaking solutions that empower individuals to do what they love. The Lifeward portfolio features innovative products including the ReWalk Exoskeleton, the AlterG Anti-Gravity system, the MyoCycle FES System, and the ReStore Exo-Suit.

Founded in 2001, Lifeward has operations in the United States, Israel, and Germany. For more information on the Lifeward product portfolio, please visit GoLifeward.com.

Lifeward^®, ReWalk^®, ReStore^® and Alter G^® are registered trademarks of Lifeward Ltd. and/or its affiliates.

Forward-Looking Statements
In addition to historical information, this press release contains forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995, Section 27A of the U.S. Securities Act of 1933, as amended, and Section 21E of the U.S. Securities Exchange Act of 1934, as amended. Such forward-looking statements may include projections regarding Lifeward's future performance and future regulatory interactions and other statements that are not statements of historical fact and, in some cases, may be identified by words like "anticipate," "assume," "believe," "continue," "could," "estimate," "expect," "intend," "may," "plan," "potential," "predict," "project," "future," "will," "should," "would," "seek" and similar terms or phrases. The forward-looking statements contained in this press release are based on management's current expectations, which are subject to uncertainty, risks and changes in circumstances that are difficult to predict and many of which are outside of Lifeward’s control. Important factors that could cause the Company’s actual results to differ materially from those indicated in the forward-looking statements are more fully discussed in the Company’s periodic filings with the Securities and Exchange Commission (“SEC”), including the risk factors described under the heading "Risk Factors" in the Company’s annual report on Form 10-K and 10-K/A for the year ended December 31, 2023 filed with the SEC and other documents subsequently filed with or furnished to the SEC. Any forward-looking statement made in this press release speaks only as of the date hereof. Factors or events that could cause the Company’s actual results to differ from the statements contained herein may emerge from time to time, and it is not possible for the Company to predict all of them. Except as required by law, Lifeward undertakes no obligation to publicly update any forward-looking statements, whether as a result of new information, future developments or otherwise.

Lifeward Media Relations:
Kathleen O’Donnell
VP Marketing & New Business Development
Lifeward
E: media@golifeward.com

Lifeward Investor Contact:
Mike Lawless
Chief Financial Officer
Lifeward
E: ir@golifeward.com

FAQ

When did ReWalk Robotics (LFWD) officially change its name to Lifeward ?

ReWalk Robotics officially changed its name to Lifeward on September 10, 2024, following approval from the Israel Companies Registrar.

What is the new stock symbol for Lifeward (formerly ReWalk Robotics) on Nasdaq?

Lifeward will continue trading under the symbol 'LFWD' on Nasdaq.

When will Lifeward (LFWD) begin trading under its new name on the stock market?

Lifeward will begin trading under its new name effective as of market open on September 13, 2024.

Why did ReWalk Robotics change its name to Lifeward (LFWD)?

The name change reflects the company's expanded mission to elevate care standards in overcoming physical limitations and disabilities, and to empower individuals to pursue their passions.