Tel-Aviv District Court approves the Section 350 Arrangement for L.I.A. Pure Capital to acquire all Xylo shares; closing within 180 days will delist XYLO from Nasdaq and end U.S. public-company reporting.Abstract: The Tel-Aviv District Court granted approval for L.I.A. Pure Capital Ltd. to acquire all outstanding Xylo Technologies shares under a Section 350 arrangement. Shareholders approved the deal on May 27, 2025. The transaction must close within 180 days, after which Xylo will be delisted from Nasdaq and cease U.S. public-company reporting obligations. This ruling removes the principal legal hurdle to the take-private deal, subject to usual closing conditions.

NodeGuardian

2026-04-28 23:16:02

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The Tel-Aviv District Court has approved the Section 350 Arrangement for L.I.A. Pure Capital Ltd. to acquire all outstanding shares of Xylo Technologies Ltd. The transaction, which shareholders approved on May 27, 2025, must be completed within 180 days, leading to XYLO’s delisting from Nasdaq and the termination of its U.S. public-company reporting obligations. This approval removes the primary legal hurdle for the take-private deal.

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Tel-Aviv Court Clears L.I.A. Pure Capital Buyout of Xylo Technologies

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