Shareholders Are Not Required to Take Motion at This Time
MARLBOROUGH, Mass. and BERLIN and YOKNEAM ILIT, Israel, Might 19, 2022 (GLOBE NEWSWIRE) — ReWalk Robotics Ltd. (Nasdaq: RWLK) (“ReWalk” or the “Firm”), a number one producer of robotic medical know-how for individuals with decrease extremity disabilities, immediately introduced that it has obtained discover from Artistic Worth Capital Restricted Partnership (“CVC”), which claims to carry roughly 3% of ReWalk’s excellent shares, that it intends to appoint two candidates for election to the Firm’s Board of Administrators (the “Board”) and submit two further proposals for consideration on the 2022 Annual Assembly of Shareholders (the “Annual Assembly”). The Board will current its advice concerning director nominees within the Firm’s definitive proxy supplies, which might be filed with the Securities and Change Fee and mailed to all shareholders eligible to vote on the Annual Assembly. The date of the Annual Assembly has not but been introduced. Shareholders will not be required to take any motion presently.
Jeff Dykan, Chairman of the Board, commented:
“ReWalk’s Board maintains an lively and open dialogue with the Firm’s shareholders to make sure their suggestions and concepts are integrated into our choices and technique. We now have engaged in good religion with CVC to know its views and the {qualifications} of its nominees. At this level, we proceed to hunt a constructive decision that spares shareholders from having to endure a pricey, distracting and pointless proxy battle. We’re centered on persevering with to strengthen ReWalk’s Board for the good thing about all shareholders. Notably, the October 2020 appointment of Randel Richner and the April 2022 appointment of Joseph E. Turk, Jr. exemplify our dedication to strategic Board refreshment. Each people possess important talent units in reimbursement and post-CMS commercialization, which aligns with our brief and long-term wants. We sit up for participating additional with our shareholders within the days and weeks to come back.”
About ReWalk Robotics Ltd.
ReWalk Robotics Ltd. develops, manufactures and markets wearable robotic exoskeletons for people with decrease limb disabilities because of spinal wire harm or stroke. ReWalk’s mission is to essentially change the standard of life for people with decrease limb incapacity by way of the creation and growth of market main robotic applied sciences. Based in 2001, ReWalk has headquarters within the U.S., Israel and Germany. For extra info on the ReWalk techniques, please go to www.rewalk.com.
ReWalk® is a registered trademark of ReWalk Robotics Ltd. in Israel and the Unites States.
ReStore® is a registered trademark of ReWalk Robotics Ltd. in the USA, Europe and the UK.
Ahead Trying Statements
This press launch incorporates forward-looking statements throughout the which means of the U.S. Personal Securities Litigation Reform Act of 1995, Part 27A of the U.S. Securities Act of 1933, and Part 21E of the U.S. Securities Change Act of 1934. Such forward-looking statements embrace statements that aren’t statements of historic reality and, in some circumstances, could also be recognized by phrases like “anticipate,” “assume,” “imagine,” “proceed,” “might,” “estimate,” “count on,” “intend,” “might,” “plan,” “potential,” “predict,” “undertaking,” “future,” “will,” “ought to,” “would,” “search” and related phrases or phrases. The forward-looking statements contained on this press launch are primarily based on administration’s present expectations, that are topic to uncertainty, dangers and modifications in circumstances which can be troublesome to foretell and lots of of that are exterior of ReWalk’s management. Necessary components that might trigger ReWalk’s precise outcomes to vary materially from these indicated within the forward-looking statements embrace, amongst others: these components mentioned underneath the heading “Threat Components” in ReWalk’s annual report on Type 10-Okay for the 12 months ended December 31, 2021 filed with the Securities and Change Fee (the “SEC”) and different paperwork subsequently filed with or furnished to the SEC. Any forward-looking assertion made on this press launch speaks solely as of the date hereof. Components or occasions that might trigger ReWalk’s precise outcomes to vary from the statements contained herein might emerge sometimes, and it isn’t potential for ReWalk to foretell all of them. Besides as required by regulation, ReWalk undertakes no obligation to publicly replace any forward-looking statements, whether or not because of new info, future developments or in any other case.
Necessary Further Data
The Firm, its administrators and sure of its govt officers are members within the solicitation of proxies from the Firm’s shareholders in reference to the Annual Assembly. The Firm intends to file a definitive proxy assertion and a WHITE proxy card with the SEC in reference to any such solicitation of proxies from the Firm’s shareholders. SHAREHOLDERS OF THE COMPANY ARE STRONGLY ENCOURAGED TO READ SUCH PROXY STATEMENT, ACCOMPANYING WHITE PROXY CARD AND ALL OTHER DOCUMENTS FILED WITH THE SEC CAREFULLY AND IN THEIR ENTIRETY WHEN THEY BECOME AVAILABLE AS THEY WILL CONTAIN IMPORTANT INFORMATION. The Firm’s definitive proxy assertion for the 2021 annual assembly of shareholders incorporates info concerning the direct and oblique pursuits, by safety holdings or in any other case, of the Firm’s administrators and govt officers within the Firm’s securities. Data concerning subsequent modifications to their holdings of the Firm’s securities may be discovered within the SEC filings on Types 3, 4 and 5, which can be found on the Firm’s web site at http://ir.rewalk.com or by way of the SEC’s web site at www.sec.gov. Data can be discovered within the Firm’s Annual Report on Type 10-Okay for the 12 months ended December 31, 2021 and Modification No. 1 to the Firm’s Annual Report on Type 10-Okay for the 12 months ended December 31, 2021 on file with the SEC. Up to date info concerning the identification of potential members, and their direct or oblique pursuits, by safety holdings or in any other case, might be set forth within the definitive proxy assertion and different supplies to be filed with the SEC in reference to the Annual Assembly. Shareholders will have the ability to receive the definitive proxy assertion, any amendments or dietary supplements to the proxy assertion and different paperwork filed by the Firm with the SEC at no cost on the SEC’s web site at www.sec.gov. Copies can even be accessible at no cost on the Firm’s web site at http://ir.rewalk.com.
Contacts
Within the U.S.
Morrow Sodali
Michael Verrechia / Eric Kamback, 203-658-9400
[email protected] / [email protected]
Longacre Sq. Companions
Joe Germani / Greg Marose
[email protected] / [email protected]
In Israel
Israel Tel-Aviv
MR. Eran Yoels
[email protected]
