CTGL Citrine Global Corporation (CE)

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On October 19, 2022, the following individuals were appointed to serve as independent members on the Board of Directors of Citrine Global, Inc. (the “Company”), effective upon (and subject to ) the Nasdaq listing of the Company.

Dror Shaked, 55, is the Senior Vice President Business Development at Wix.com (NASDAQ:WIX), a position he has held since June 2011, where he leads the Global Corporate Business Development and mergers and acquisitions. Prior to Wix, Mr. Shaked was the Vice President Investments at Decima Ventures. Mr. Shaked holds an MBA from Tel Aviv University and BSc from Tel Aviv University.

Mr. Shaked was selected as a director for, among other things, the Board’s belief that his particular experience will be an asset in the development of the Company’s business strategy.

David Freidenberg, 45, is the Chief Executive Officer of Go Clear, a company in urban renewal software, a position he has held since July 2022. Mr. Freidenberg was the Chief Executive Officer and a Director of Seedo Corp. from June 2020 through November 4, 2021, and the CEO of Saffron Tech Ltd., a wholly owned subsidiary of Seedo Corp. He has extensive experience in the telecommunications and information technology (IT) industries including Vice President of Sales & Business Development at Trigyn Technologies, an IT services provider with $130 million in annual revenue. Past posts include CEO and Director of POMM Inc.; CEO and Director of Chip Pc; COO of Nidam Communication as well as a Director and manager for Hot cable TV, and Bezeq (Israeli National telephone company). David received both his BA in Economics (2003) and MBA in finance and accounting (2007) from Hebrew University.

Mr. Freidenberg was selected as a director for, among other things, his extensive experience in business and in working with publicly traded companies.

There are no arrangements or understandings between each of Messrs. Shaked and Freidenberg and any other person pursuant to which they were appointed as directors of the Company. There are no family relationships among Messrs. Shaked and Freidenberg and any of the Company’s other officers or directors, or transactions since January 1, 2021, or any currently proposed transaction, in which the Company is a participant, the amount involved exceeds $120,000, and in which Messrs. Shaked or Freidenberg had, or will have, a direct or indirect material interest.