Xylo Technologies Ltd. has announced that, following shareholder approval, a request has been submitted to the Tel Aviv district court seeking approval for an arrangement with L.I.A Pure Capital Ltd. If approved, this transaction will result in Xylo Technologies becoming a wholly-owned subsidiary of L.I.A Pure Capital, as it will acquire all remaining shares of Xylo Technologies not currently owned. The company's shares will consequently be delisted from the Nasdaq Stock Exchange. The court's decision on the approval is pending and objections can be submitted until June 15, 2025.
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