Summary by Moomoo AI
ParaZero Technologies Ltd. has filed a post-effective amendment to its Form F-1 on Form F-3 with the Securities and Exchange Commission (SEC) on September 3, 2024. This amendment updates and supplements information contained in the original registration statement, including updated financial information, and converts the registration statement on Form F-1 into a registration statement on Form F-3. The amendment pertains to the proposed sale of ordinary shares to the public, which is expected to commence as soon as practicable after the effective date. The company's ordinary shares are listed on the Nasdaq Capital Market under the symbol 'PRZO.' ParaZero Technologies Ltd. is an emerging growth company and a foreign private issuer, which allows for reduced public company reporting requirements. The company specializes in autonomous parachute safety systems for commercial drones and is entering the counter unmanned aircraft system market.
