Company: INCR
Filing Date: 2025-05-01
Form Type: 20-F
Source: 0001641172-25-007971
Chunk: 136

Company: Intercure Ltd.
Filing Date: 2025-05-01
Form: 20-F
Item: Item 7
Chunk 136
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 ordinary shares issuable upon exercise of options exercisable within 60 days of April 29, 2025.
 

97
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To our knowledge, other than as disclosed in the table above, our other filings with the SEC and this Annual Report, there has been no significant change in the percentage ownership held by any major shareholder since December 31, 2021, except for the following changes:
 

●                                                  On                                               
      March 2, 2025, following issuance of ordinary shares and warrants exercisable into ordinary   
      shares of the Company in the Private Placement, Mr. Alexander Rabinovich became a beneficial  
    owner of approximately 29.32% of our ordinary shares, reflecting an increase from the percentage
       owned as reported in our Annual Report on Form 20-F for the year ended December 31, 2024,    
       which stated that as of April 1, 2024, Mr. Alexander Rabinovich beneficially owned 25.73%.   
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B.         Related      
     Party Transactions.
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The following is a description of related party transactions, or series of related party transactions since January 1, 2022, pursuant to which we are a party and in which the other parties include our directors, executive officers, holders of more than 5% of our voting securities, or any member of the immediate family of any of the foregoing persons.
 
Transactions with Related Parties
 
Office Space Lease
 
Part of the office is leased by companies that are related to Mr. Alex Rabinovich, our majority shareholder, Chairman of the Board and Chief Executive Officer. These leases were approved by the Audit Committee and the Board. The amounts payable under these leases are immaterial relative to our business. See “Item 4.D. Property, Plants and Equipment.” for additional information regarding our office space.
Private Placement
 
The funding includes a commitment by certain investors, including the Company’s Chief Executive Officer and Chairman of the Board, Mr. Alexander Rabinovich, and two existing shareholders, Mr. Yaron Yakobi and Mr. Ynon Hagag.
For more information, please see “Item 5. B. Liquidity and Capital Resources — Financing Development”.
 
Sublease agreement with companies related to a related party
 
Canndoc subleases part of its headquarters’ offices to XTL, GFC Ltd., and GreenForest Ltd., which are related to InterCure’s controlling shareholder, Mr. Alexander Rabinovich who is a director and shareholder