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UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
FORM
8-K
CURRENT
REPORT
Pursuant
to Section 13 OR 15(d)
of
The Securities Exchange Act of 1934
Date
of Report (Date of earliest event reported): June 5, 2026
ODYSIGHT.AI
INC.
(Exact
name of registrant as specified in its charter)
| Nevada |
|
001-42497 |
|
47-4257143 |
(State
or other jurisdiction
of
incorporation) |
|
(Commission
File
Number) |
|
(I.R.S.
Employer
Identification
No.) |
12 Abba Hillel Silver RD, Sasson Hugi Tower
Ramat
Gan, Israel |
|
5250606 |
| (Address
of principal executive offices) |
|
(Zip
Code) |
+972
73 370-4690
(Registrant’s
telephone number, including area code)
Not
Applicable
(Former
name or former address, if changed since last report)
Check
the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under
any of the following provisions:
| |
☐ |
Written
communication pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
| |
|
|
| |
☐ |
Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
| |
|
|
| |
☐ |
Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
| |
|
|
| |
☐ |
Pre-commencements
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Securities
registered pursuant to Section 12(b) of the Securities Exchange Act of 1934:
| Title
of each class |
|
Trading
Symbol(s) |
|
Name
of each exchange on which registered |
| Common Stock, $0.001 par value per share |
|
ODYS |
|
Nasdaq
Capital Market |
Indicate
by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405
of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging
growth company ☐
If
an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying
with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 1.01
Entry into a Material Definitive Agreement.
On
June 5, 2026, Odysight.ai Inc. (the “Company”) entered into a Sales Agreement (the “Sales Agreement”) with Roth
Capital Partners, LLC (the “Agent”), under which the Company may, from time to time, sell shares of the Company’s common
stock, par value $0.001 per share, having an aggregate offering price of up to $20,000,000 (“Shares”) in “at the market
offerings” through or to the Agent, as sales agent and/or principal. Sales can be made by any method deemed an “at-the-market
offering” as defined in Rule 415(a)(4) under the Securities Act of 1933, as amended (the “Securities Act”), or through
privately negotiated transactions. Sales of the Shares, if any, will be made at prevailing market prices at the time of sale, or as otherwise
agreed with the Agent.
The
Company is not obligated to sell, and the Agent is not obligated to sell or offer to sell, any Shares under the Sales Agreement. No assurance
can be given that the Company will sell any Shares under the Sales Agreement, or, if it does, as to the price or amount of Shares that
it sells or the dates when such sales will take place. Each time the Company wishes to issue and sell the Shares under the Sales Agreement,
the Company will provide the Agent with a placement notice describing the number or dollar value of Shares, the time period during which
sales are requested to be made, any limitation on the number of Shares that may be sold in any one day and any minimum price below which
sales may not be made. We or the Agent may suspend the offering of Shares pursuant to a placement notice upon notice and subject to other
conditions. Subject to the terms and conditions of the Sales Agreement, the Agent will use commercially reasonable efforts, consistent
with its normal trading and sales practices, and applicable state and federal laws, rules and regulations and the rules of the Nasdaq
to sell the Shares under the terms and subject to the conditions of the placement notice.
The
Agent will receive a commission from the Company of up to 3.0% of the gross proceeds of any Shares sold under the Sales Agreement.
We have agreed to reimburse the Agent for its reasonable and documented out-of-pocket expenses (including but not limited to the reasonable
and documented fees and expenses of its legal counsel) in an amount not to exceed $75,000, in connection with entering into
the Sales Agreement and for the Agent’s reasonable and documented out-of-pocket expenses related to quarterly maintenance of the
Sales Agreement (including but not limited to the reasonable and documented fees and expenses of its legal counsel) on a quarterly basis
in an amount not to exceed $7,500.
Pursuant
to the terms of the Sales Agreement, the Company agreed to indemnify the Agent against certain liabilities, including under the Securities
Act or the Securities Exchange Act of 1934, as amended, or to contribute to payments that the Agent may be required to make because of
such liabilities.
The
Shares will be issued pursuant to the Company’s shelf registration statement on Form S-3 (File No. 333- 293080), including a base
prospectus contained therein, filed with the Securities and Exchange Commission on January 30, 2026, and declared effective on February
6, 2026.
The
Sales Agreement contains customary representations and warranties, agreements and obligations, conditions to closing and termination
provisions. The foregoing descriptions of terms and conditions of the Sales Agreement do not purport to be complete and are qualified
in their entirety by the full text of the form of the Sales Agreement, a copy of which is attached hereto as Exhibit 1.1.
The
legal opinion and consent of Greenberg Traurig P.A. relating to the validity of the Shares that may be sold pursuant to the Sales Agreement
is filed herewith as Exhibit 5.1.
This
Current Report on Form 8-K shall not constitute an offer to sell or the solicitation of an offer to buy the securities described herein,
nor shall there be any offer, solicitation, or sale of the securities in any state in which such offer, solicitation or sale would be
unlawful prior to registration or qualification under the securities laws of any such state.
Item 9.01
Financial Statements and Exhibits.
(d)
Exhibits
| Exhibit
No. |
|
Description |
| |
|
|
| 1.1
|
|
Sales Agreement by and between Odysight.ai Inc. and Roth Capital Partners, LLC dated June 5, 2026 |
| |
|
|
| 5.1 |
|
Opinion of Greenberg Traurig P.A. |
| |
|
|
| 23.1 |
|
Consent of Greenberg Traurig P.A. (contained in Exhibit 5.1) |
| |
|
|
| 104 |
|
Cover
Page Interactive Data File (embedded within the Inline XBRL document) |
SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by
the undersigned hereunto duly authorized.
| |
ODYSIGHT.AI
INC. |
| |
|
|
| Date:
June 5, 2026 |
By: |
/s/
Einav Brenner |
| |
Name:
|
Einav
Brenner |
| |
Title:
|
Chief
Financial Officer |