[SCHEDULE 13D/A] Xylo Technologies Ltd. American SEC Filing
L.I.A. Pure Capital Ltd. and its sole shareholder and CEO, Kfir Silberman, report beneficial ownership of 4,912,827 ordinary shares (approximately 9.59% of 51,241,661 outstanding) of Xylo Technologies Ltd. The reporting persons hold sole voting and dispositive power over these shares. The ADSs described were acquired for an aggregate purchase price of approximately $512,856 using Pure Capital funds. The filing discloses that Xylo furnished a Form 6-K stating it obtained the Israeli tax ruling required for the Arrangement, initiated closing procedures, and will de-list ADSs from Nasdaq on August 22, 2025. From that date, ADS holders will be entitled to $5.25 per ADS in cash, subject to withholding taxes, and the depositary will close books for issuances after close of business on August 21, 2025.
- 9.59% beneficial ownership disclosed, providing transparency about significant shareholders
- Issuer obtained required Israeli tax ruling and initiated closing procedures for the Arrangement
- ADS holders entitled to $5.25 per ADS in cash, a definitive exit mechanism announced
- Reporting persons acquired ADSs with disclosed aggregate purchase price of $512,856
- ADSs will be de-listed from Nasdaq on August 22, 2025, eliminating public market liquidity for ADS holders
- Depositary will close books for issuances and cancellations after close of business on August 21, 2025, and the deposit agreement will terminate per the depositary’s notice
- Reporting persons executed sizable sales on August 7, 2025 (including blocks of 23,223 and 18,270 ADSs), reflecting active position changes
Insights
TL;DR: Amendment confirms a near-term delisting and cash consideration of $5.25 per ADS and shows a 9.59% beneficial stake by the reporting persons.
The filing is materially significant because it documents both the reporting persons' meaningful stake in XYLO and concrete execution steps toward a transaction that will remove ADS liquidity for public holders. The reported aggregate purchase price of roughly $512,856 clarifies the funding source and scale of recent acquisitions. The Form 6-K disclosures — tax ruling obtained, closing procedures initiated, Nasdaq delisting effective August 22, 2025, and BNY's planned depositary actions — are decisive operational steps that directly affect timing and execution of the Arrangement.
TL;DR: Reporting persons exercise sole control over 9.59% of shares; delisting and depositary termination are material governance events.
The amendment highlights concentrated ownership with sole voting and dispositive power held by Pure Capital and its sole shareholder, which is material for governance and minority-holder considerations. The announced delisting, depositary notice and termination mechanics (BNY closing book after August 21, 2025) change the company’s public governance framework and shareholder rights. These are substantive corporate actions that warrant attention from regulators and affected holders.