<a href="https://laohu8.com/S/XYLO">Xylo Technologies</a> Ltd. Set to Delist from Nasdaq on August 22, 2025, Initiates Closing Procedures for Acquisition by L.I.A. Pure Capital Ltd
Xylo Technologies Ltd. has announced that its American Depositary Shares (ADSs) will be delisted from Nasdaq on August 22, 2025. This delisting is part of a scheme of arrangement where L.I.A. Pure Capital Ltd. will acquire all issued and outstanding share capital of the company. Following the delisting, holders of Xylo's ADSs, each representing 40 ordinary shares, will be entitled to receive a cash consideration of USD5.25 per ADS, subject to applicable withholding taxes. The Bank of New York Mellon, serving as the depositary, will terminate the deposit agreement once all ADSs are exchanged or 30 days after notifying the holders. Holders have a minimum of six months to submit necessary documentation to receive the cash consideration without Israeli withholding tax, with the possibility of an extension for the submission period.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Xylo Technologies Ltd. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001213900-25-074280), on August 11, 2025, and is solely responsible for the information contained therein.
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