Item 3. Legal Proceedings
Item
3. Legal Proceedings.
From
time to time, we may be involved in litigation that arises through the normal course of business.
On
January 21, 2021, we executed a Mediation Agreement with Bosti Trading Ltd and InspireMD Ltd., pursuant to which Bosti agreed to release
the Company from all claims stated in the Complaint in exchange for a payment of $580,000, which we paid on January 25, 2021.
As
of the date of this filing, we are not aware of any other material legal proceedings to which we or any of our subsidiaries is a party
or to which any of our property is subject, nor are we aware of any such threatened or pending litigation or any such proceedings known
to be contemplated by governmental authorities.
We
are not aware of any material proceedings in which any of our directors, officers or affiliates or any registered or beneficial stockholder
of more than 5% of our common stock, or any associate of any of the foregoing, is a party adverse to or has a material interest adverse
to, us or any of our subsidiaries.
Item
4. Mine Safety Disclosures.
Not
applicable.
PART
II
Text extracted from the filing as submitted to EDGAR. Formatting, tables and exhibits are simplified for reading; the original document is authoritative for anything you rely on.