LFWD files post-effective amendment to cover 164,129 shares from 2014 plan
Lifeward Ltd. shareholders approved the Lifeward Ltd. 2025 Incentive Compensation Plan on August 1, 2025. Following the Effective Date, no new awards will be granted under the ReWalk Robotics Ltd. 2014 Incentive Compensation Plan (the 2014 Plan) and 164,129 Ordinary Shares underlying existing awards under the 2014 Plan as of the Effective Date may be reallocated to the 2025 Plan if they become available. The filing amends prior S-8 registration statements to cover those 164,129 Outstanding Shares and notes prior registrations aggregated 916,676 Ordinary Shares (post reverse splits).
Positive
- Shareholder approval of the Lifeward Ltd. 2025 Incentive Compensation Plan on August 1, 2025
- 164,129 Outstanding Shares under the 2014 Plan are covered by this post-effective amendment and may be reallocated to the 2025 Plan if they become available
- Prior registrations totaling 916,676 Ordinary Shares are documented on a post-reverse-split basis, providing continuity in registered equity availability
Negative
- None.
Insights
TL;DR: Shareholders approved a new 2025 equity plan and 164,129 outstanding awards from the prior plan are being carried forward for registration.
The amendment is procedural: it does not register new shares beyond those previously issuable under the 2014 Plan but updates prior Form S-8 statements to cover the 164,129 Outstanding Shares that may become issuable under the 2025 Plan. The filing documents corporate housekeeping around equity plan succession and cites prior aggregate registrations of 916,676 Ordinary Shares on a post-reverse-split basis.
TL;DR: Governance action approved: a new incentive plan replaces the 2014 Plan and outstanding awards are preserved and reallocated administratively.
The filing confirms shareholder approval of the Lifeward 2025 Incentive Compensation Plan and specifies mechanics for moving forfeited or canceled 2014 Plan shares into the 2025 Plan. It also outlines indemnification, insurance and Israeli law constraints on exculpation and indemnity for office holders, and lists exhibits and incorporated filings for full context.
UNDER
THE SECURITIES ACT OF 1933
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State of Israel
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Not Applicable
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(State or other jurisdiction of
incorporation or organization)
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(I.R.S. Employer
Identification No.)
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200 Donald Lynch Blvd.
Marlborough, MA
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01752
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(Address of principal executive offices)
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(Zip Code)
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Rachael M. Bushey, Esq.
Jennifer L. Porter, Esq.
Goodwin Procter LLP
3025 John F Kennedy Blvd
Philadelphia, PA 19104
Tel: (445) 207-7805
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Aaron M. Lampert, Adv.
Ephraim Peter Friedman, Adv.
Goldfarb Gross Seligman & Co.
Azrieli Center, Round Tower
Tel Aviv 6701101, Israel
Tel: +972-3-607-4444
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Large accelerated filer
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Accelerated filer
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Non-accelerated filer
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Smaller reporting company
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☒
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Emerging growth company
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File No. 333-199688 on October 29, 2014 to register 1,606 Ordinary Shares;
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File No. 333-221357 on November 6, 2017 to register 12,694 Ordinary Shares;
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File No. 333-230485 on March 25, 2019 to register 11,108 Ordinary Shares;
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File No. 333-239258 on June 18, 2020 to register 262,697 Ordinary Shares; and
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File No. 333-267284 on September 6, 2022 to register 628,571 Ordinary Shares.
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Item 1.
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Plan Information.
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Not required to be filed with these Post-Effective Amendments.
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Item 2.
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Registrant Information and Employee Plan Annual Information.
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| Item 3. |
Incorporation of Documents by Reference.
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The Registrant’s Annual Report on Form 10-K for the fiscal year ended December 31, 2024, filed with the Commission on March 7, 2025;
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The Registrant’s Quarterly Reports on Form 10-Q for the quarters ended March 31, 2025 and June 30, 2025, filed with the Commission on May 15, 2025 and August 14, 2025;
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The Registrant’s Current Reports on Form 8-K (other than portions thereof furnished under Item 2.02 or Item 7.01 of Form 8-K and exhibits accompanying such reports that are related to such items) filed with the Commission on January 8, 2025, January 8, 2025, January 13, 2025, February 20, 2025,
March 7, 2025, April 14, 2025, April 15, 2025, May 19, 2025, June 3, 2025, June 16, 2025, June 26, 2025, August 5, 2025, August 8, 2025 and August 13, 2025;
and
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The description of the Registrant’s Ordinary Shares contained in Item 1 of the Registration Statement on Form 8-A (File No. 001-36612)
filed with the Commission on September 2, 2014, as updated by any amendment or report filed for the purpose of updating that description.
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Item 4.
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Description of Securities.
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Item 5.
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Interests of Named Experts and Counsel.
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Item 6.
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Indemnification of Directors and Officers.
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financial liability imposed on him or her in favor of another person pursuant to a judgment, including a settlement or arbitrator’s award approved by a court. However, if an undertaking to indemnify an office holder with respect to such
liability is provided in advance, then such an undertaking must be limited to events which, in the opinion of the board of directors, can be foreseen based on the company’s activities when the undertaking to indemnify is given, and to an
amount or according to criteria determined by the board of directors as reasonable under the circumstances, and such undertaking shall detail the abovementioned foreseen events and amount or criteria;
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reasonable litigation expenses, including attorneys’ fees, incurred by the office holder (1) as a result of an investigation or proceeding instituted against him or her by an authority authorized to conduct such investigation or
proceeding, provided that (i) no indictment was filed against such office holder as a result of such investigation or proceeding; and (ii) no financial liability was imposed upon him or her as a substitute for the criminal proceeding as a
result of such investigation or proceeding or, if such financial liability was imposed, it was imposed with respect to an offense that does not require proof of criminal intent; and (2) in connection with a monetary sanction; and
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reasonable litigation expenses, including attorneys’ fees, incurred by the office holder or imposed by a court in proceedings instituted against him or her by the company, on its behalf, or by a third party, or in connection with criminal
proceedings in which the office holder was acquitted, or as a result of a conviction for an offense that does not require proof of criminal intent.
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a breach of the duty of loyalty to the company, provided that the office holder acted in good faith and had a reasonable basis to believe that the act would not harm the company;
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a breach of duty of care to the company or to a third party, to the extent such a breach arises out of the negligent conduct of the office holder; and
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a financial liability imposed on the office holder in favor of a third party.
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a breach of the duty of loyalty, except for indemnification and insurance for a breach of the duty of loyalty to the company to the extent that the office holder acted in good faith and had a reasonable basis to believe that the act would
not prejudice the company;
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a breach of duty of care committed intentionally or recklessly, excluding a breach arising out of the negligent conduct of the office holder;
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an act or omission committed with intent to derive illegal personal benefit; or
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a civil or criminal fine or forfeit levied against the office holder.
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Item 7.
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Exemption from Registration Claimed.
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| Item 8. |
Exhibits. |
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Exhibit
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Description
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3.1
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Seventh Amended and Restated Articles of Association of the Company (incorporated by reference to Exhibit 3.1 to the
Registrant’s Quarterly Report on Form 10-Q filed with the Commission on August 14, 2025).
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5.1*
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Opinion of Goldfarb Gross Seligman & Co., Israeli counsel to the Registrant, as to the validity of the
ordinary shares (including consent).
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23.1*
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Consent of Kost, Forer, Gabbay and Kasierer, a member of Ernst & Young Global Limited.
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23.2*
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Consent of Goldfarb Gross Seligman & Co., Attorneys at Law (included in Exhibit 5.1).
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24.1*
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Power of Attorney (included on the signature page).
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99.1#
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ReWalk Robotics Ltd. 2014 Equity Incentive Plan (incorporated by reference to Exhibit 99.1 to the Registrant’s
Registration Statement on Form S-8 (File No. 333-239258), filed with the Commission on June 18, 2020).
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99.2#
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2014 Incentive Compensation Plan Form of Option Award Agreement for employees and executives
(incorporated by reference to Exhibit 10.18 to the Company’s Annual Report on Form 10-K filed with the SEC on February 29, 2016, as amended on May 6, 2016).
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99.3#
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2014 Incentive Compensation Plan Form of Restricted Share Unit Award Agreement for non-Israeli
employees, and executives (incorporated by reference to Exhibit 10.19 to the Company’s Annual Report on Form 10-K filed with the SEC on February 29, 2016, as amended on May 6, 2016).
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99.4#
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2014 Incentive Compensation Plan Form of Restricted Share Unit Award Agreement for Israeli non-employee
directors, employees and executives (incorporated by reference to Exhibit 10.20.1 to the Company’s Registration Statement on Form S-1 (File No. 333-227852), filed with the SEC on October 15, 2018).
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99.5#
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2014 Incentive Compensation Plan Form of Restricted Share Unit Award Agreement between the Company and
Jeffrey Dykan, as director (incorporated by reference to Exhibit 10.20.2 to the Company’s Registration Statement on Form S-1 (File No. 333-227852), filed with the SEC on October 15, 2018).
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99.6#
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2014 Incentive Compensation Plan New Form of Restricted Share Unit Award Agreement for non-Israeli
non-employee directors (incorporated by reference to Exhibit 10.22 to the Company’s Registration Statement on Form S-1 (File No. 333-227852), filed with the SEC on October 15, 2018).
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99.7#
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2014 Incentive Compensation Plan Prior Form of Restricted Share Unit Award Agreement for non-Israeli
non-employee directors (incorporated by reference to Exhibit 10.20 to the Company’s Annual Report on Form 10-K filed with the SEC on February 29, 2016, as amended on May 6, 2016).
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99.8#
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2014 Incentive Compensation Plan Prior Form of Option Award Agreement for Israeli non-employee
directors (incorporated by reference to Exhibit 10.21 to the Company’s Annual Report on Form 10-K filed with the SEC on February 17, 2017, as amended on April 27, 2017).
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99.9#
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2014 Incentive Compensation Plan Prior Form of Option Award Agreement for non-Israeli non-employee
directors (incorporated by reference to Exhibit 10.22 to the Company’s Annual Report on Form 10-K filed with the SEC on February 17, 2017, as amended on April 27, 2017).
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99.10#
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Lifeward Ltd. 2025 Equity Incentive Plan (incorporated by reference to Exhibit 10.1 to the Registrant’s Current
Report on Form 8-K filed with the Commission on August 5, 2025).
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99.11#
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Form of Incentive Stock Option Award Agreement for non-Israeli employees, executives and non-employee directors
under the 2025 Incentive Compensation Plan (incorporated by reference to Exhibit 99.2 to the Registrant’s Registration Statement on Form S-8 (File No. 333-289840) filed with the Commission on August 25, 2025).
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99.12#
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Form of Non-Qualified Stock Option Award Agreement for non-Israeli employees, executives and non-employee
directors under the 2025 Incentive Compensation Plan (incorporated by reference to Exhibit 99.3 to the Registrant’s Registration Statement on Form S-8 (File No. 333-289840) filed with the Commission on August 25, 2025).
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99.13#
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Form of Option Award Agreement for Israeli employees, executives and non-employee directors under the 2025
Incentive Compensation Plan (incorporated by reference to Exhibit 99.4 to the Registrant’s Registration Statement on Form S-8 (File No. 333-289840) filed with the Commission on August 25, 2025).
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99.14#
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Form of Restricted Share Unit Award Agreement for non-Israeli employees, executives and non-employee directors
under the 2025 Incentive Compensation Plan (incorporated by reference to Exhibit 99.5 to the Registrant’s Registration Statement on Form S-8 (File No. 333-289840) filed with the Commission on August 25, 2025).
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99.15#
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Form of Restricted Share Unit Award Agreement for Israeli employees, executives and non-employee directors,
employees and executives under the 2025 Incentive Compensation Plan (incorporated by reference to Exhibit 99.6 to the Registrant’s Registration Statement on Form S-8 (File No. 333-289840) filed with the Commission on August 25, 2025).
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Item 9.
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Undertakings.
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LIFEWARD LTD.
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By:
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/s/ Almog Adar
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Name:
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Almog Adar
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Title:
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Chief Financial Officer
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Signatures
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Title
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/s/ William Mark Grant
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William Mark Grant
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Director and President and Chief Executive Officer
(Principal Executive Officer)
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/s/ Almog Adar
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Almog Adar
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Chief Financial Officer
(Principal Financial Officer and Principal Accounting Officer)
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/s/ Joseph Turk
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Joseph Turk
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Chairman, Board of Directors
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/s/ Dr. John William Poduska
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Dr. John William Poduska
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Director
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/s/ Michael Swinford
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Michael Swinford
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Director
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Ra
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/s/ Randel Richner
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Randel Richner
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Director
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/s/ Hadar Levy
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Hadar Levy
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Director
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/s/ Robert J. Marshall
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Robert J. Marshall
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Director
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FAQ
What did Lifeward Ltd. (LFWD) shareholders approve on August 1, 2025?
How many shares are covered by this post-effective amendment for LFWD?
Does this filing register any new shares for LFWD beyond prior registrations?
What aggregate number of Ordinary Shares had been registered previously for issuance under the 2014 Plan?
Were there reverse stock splits that affect share counts?