RAMAT
GAN, Israel,
Sept. 27,
2023 /PRNewswire/ -- Senstar
Technologies Ltd. (the "Company") (NASDAQ:
SNT), a leading international provider of comprehensive physical,
video and access control security products and solutions, today
announced that it intends to move the corporate domicile of
the Company to the Province of Ontario,
Canada. The Company is currently incorporated under the laws
of the State of Israel.
The Board of Directors believes that transitioning to
Canada from Israel will assist the Company in achieving
its strategic objectives. The vast majority of the Company's
employees and substantially all of its operating assets are located
in Canada. The Company expects
that redomiciling will have no material impact on how it conducts
its day-to-day operations. The redomiciliation, which is subject to
certain conditions, including shareholder approval, is expected to
close in the fourth quarter of 2023.
Additional information regarding the company's plan is available
on www.sec.gov in a Form 6-K filed with the Securities and
Exchange Commission on September 27,
2023.
This press release does not constitute an offer or invitation
for the sale or purchase of securities described herein, nor is it
a solicitation of any vote, consent or approval in any jurisdiction
pursuant to or in connection with the redomiciliation or otherwise,
nor shall there be any sale, issuance or transfer of securities in
any jurisdiction in contravention of applicable law.
About Senstar
With innovative perimeter
intrusion detection systems (including fence
sensors, buried sensors, and above ground
sensors), intelligent
video-management, video
analytics and access control,
Senstar offers a comprehensive suite of proven,
integrated solutions that reduce complexity, improve
performance and unify support. For 40
years, Senstar has been safeguarding people,
places and property for organizations around the world, with a
special focus in utilities,
logistics, correction
facilities, and energy markets.
For more information, visit the Company's website at
www.senstartechnologies.com.
Forward Looking Statements
This press release contains
forward-looking statements within the meaning of the safe harbor
provisions of the Private Securities Litigation Reform Act of 1995,
which we refer to collectively as forward-looking statements. These
forward-looking statements are not limited to historical facts, but
reflect the Company's current beliefs, expectations or intentions
regarding future events. Because forward-looking statements relate
to matters that have not yet occurred, these statements are
inherently subject to risks and uncertainties that could cause our
actual results to differ materially from any future results
expressed or implied by the forward-looking statements. Many
factors could cause actual activities or results to differ
materially from the activities and results anticipated in
forward-looking statements, including, but not limited to, the
following: risks associated with the Company's ability to obtain
the shareholder approval required to consummate the proposed
redomiciliation and the timing of the closing of the proposed
redomiciliation, including the risks that a condition to closing
would not be satisfied within the expected timeframe or at all or
that the closing of the proposed redomiciliation will not occur;
the occurrence of any event, change, or other circumstances that
could give rise to the termination of the merger agreement entered
into in connection with the redomiciliation; the outcome of any
legal proceedings that may be instituted; unanticipated
difficulties or expenditures relating to the proposed
redomiciliation; and the ability to recognize the anticipated
benefits of the proposed redomiciliation. Actual results may differ
materially from those projected as a result of certain risks and
uncertainties, including those risks discussed under the heading
"Risk Factors" in the Company's most recent Annual Report on Form
20-F filed with the SEC. These forward-looking statements are made
only as of the date hereof, and, except as required by applicable
law or regulation, the Company undertakes no obligation to update
or revise the forward-looking statements, whether as a result of
new information, future events or otherwise.
Logo -
https://mma.prnewswire.com/media/1713105/Senstar_Technologies_Logo.jpg
For more information:
Senstar
Technologies Ltd.
Tomer Hay, Chief Financial
Officer
Tel: +972-74-794-5200
Tomer.Hay@senstar.com
IR Contact:
Hayden IR
Kim Rogers
541-904-5075
Kim@HaydenIR.com
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SOURCE Senstar Technologies Ltd.