RAMAT GAN, Israel, Sept. 27, 2023 -- Senstar Technologies Ltd., an 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.
