As part of the merger transaction, 100% of these Mae shares will be transferred to Tectona – and in return, Tectona will allocate 575,000 shares of Tectona worth NIS 1.9 million to a national. In addition, Ben-Artzi will be granted approximately 13.9 million options, in two equal installments, which will be exercisable after the price of the company’s share reaches NIS 10.24 and NIS 20.64, respectively.
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Ben Artzi, who grew up in Silicon Valley in the United States, is behind several high-tech exits, including the sale of a company. Mytopia, Which he established with his sister Galia Ben-Artzi, for the 888 company, and the sale of a company Particle Code. In 2017, the brothers and other founders founded Bancor, a company that operates a platform for trading digital currencies, which is currently worth about $ 750 million.