Company: INCR
Filing Date: 2025-05-01
Form Type: 20-F
Source: 0001641172-25-007971
Chunk: 27

Company: Intercure Ltd.
Filing Date: 2025-05-01
Form: 20-F
Item: Item 3
Chunk 27
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CFR, which could cause an adverse reaction in the financial markets due to a loss of confidence in the reliability of our consolidated financial statements.
 
In addition, changing laws, regulations and standards relating to corporate governance and public disclosure are creating uncertainty for public companies, increasing legal and financial compliance costs and making some public company required activities more time consuming. These laws, regulations and standards are subject to varying interpretations, in many cases due to their lack of specificity and, as a result, their application in practice may evolve over time as new guidance is provided by regulatory and governing bodies. This could result in continuing uncertainty regarding compliance matters and higher costs necessitated by ongoing revisions to disclosure and governance practices. We intend to invest resources to comply with evolving laws, regulations and standards, and this investment may result in increased general and administrative expenses and divert management’s time and attention from revenue generating activities to compliance activities. If our efforts to comply with new laws, regulations and standards differ from the activities intended by regulatory or governing bodies, regulatory authorities may initiate legal proceedings against us and our business may be harmed.
 
Being listed on Nasdaq and complying with applicable rules and regulations also makes it more expensive for us to obtain director and officer liability insurance These factors could also make it more difficult for us to attract and retain qualified executive officers and members of our board of directors.
 
We are an emerging growth company and the reduced disclosure requirements applicable to emerging growth companies may make our ordinary shares less attractive to investors.
 
We are an emerging growth company, as defined in the Jumpstart Our Business Startups Act of 2012 (“JOBS Act”), and we may take advantage of certain exemptions from various requirements that are applicable to other public companies that are not emerging growth companies. For as long as we remain an emerging growth company we are permitted and intend to rely on exemptions from certain disclosure requirements that are applicable to other public companies that are not “emerging growth companies”. These exemptions include but are not limited to:
 

●                                                                    not                                                                  
    being required to comply with the auditor attestation requirements in the assessment of our internal control over financial reporting;
                                                                     and                                                                  
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●   not                                                                                                                                   
    being required to comply with any requirement that may be adopted by the Public Company Accounting Oversight Board (“PCAOB”)          
    regarding mandatory audit firm rotation or a supplement to the auditor’s report providing additional information about the            
    audit and the financial statements.                                                                                                   
 
We may take advantage of these provisions for up to five years ending December 31, 2026