• Live Feeds
    • Press Releases
    • Insider Trading
    • FDA Approvals
    • Analyst Ratings
    • Insider Trading
    • SEC filings
    • Market insights
  • Analyst Ratings
  • Alerts
  • Subscriptions
  • AI SuperconnectorNEW
  • Settings
  • RSS Feeds
Quantisnow Logo
  • Live Feeds
    • Press Releases
    • Insider Trading
    • FDA Approvals
    • Analyst Ratings
    • Insider Trading
    • SEC filings
    • Market insights
  • Analyst Ratings
  • Alerts
  • Subscriptions
  • AI SuperconnectorNEW
  • Settings
  • RSS Feeds
PublishGo to AppAI Superconnector
    Quantisnow Logo

    © 2025 quantisnow.com
    Democratizing insights since 2022

    Services
    Live news feedsRSS FeedsAlertsPublish with Us
    Company
    AboutQuantisnow PlusContactJobsAI superconnector for talent & startupsNEWLLM Arena
    Legal
    Terms of usePrivacy policyCookie policy

    SEC Form SC 13D filed by Otonomo Technologies Ltd.

    7/25/22 3:01:00 PM ET
    $OTMO
    Computer Software: Prepackaged Software
    Technology
    Get the next $OTMO alert in real time by email
    SC 13D 1 formsc13d-07252022_120754.htm FORM schedule-13d


     
     


    UNITED STATES
    SECURITIES AND EXCHANGE COMMISSION
    Washington, D.C. 20549
    SCHEDULE 13D
    Under the Securities Exchange Act of 1934


     
    OTONOMO TECHNOLOGIES LTD.
    (Name of Issuer)
    Ordinary Shares
    (Title of Class of Securities)
    M7571L103
    (CUSIP Number)
    Fred P. Boy, Esq.
    Lehman & Eilen LLP
    50 Charles Lindbergh Boulevard
    Suite 505
    Uniondale, New York 11553
    5162220888
    (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)
    July 20 , 2022
    (Date of Event which Requires Filing of this Statement)
    If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box. [ x ]
    Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See §240.13d-7 for other parties to whom copies are to be sent.

    * The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.

    The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).
     
     


     
    CUSIP No. M7571L103
      (1)   

    Names of Reporting Persons/ I.R.S. Identification Nos. of Above Persons (Entities Only)

     

        Mithaq Capital SPC

        00-0000000

      (2)  
    Check the Appropriate Box if a Member of a Group (See Instructions)
      (3)  

    SEC Use Only

     

      (4)  

    Source of Funds (See Instructions)

     

        WC

      (5)  

    Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)   [   ]

      (6)  

    Citizenship or Place of Organization

     

        Cayman Islands

    Number of

    Shares

    Beneficially

    Owned by

    Each

    Reporting

    Person

    With

       (7)    

    Sole Voting Power

     

        28,310,690

       (8)   

    Shared Voting Power

     

        0

       (9)   

    Sole Dispositive Power

     

        28,310,690

       (10)   

    Shared Dispositive Power

     

        0

    (11)

     

    Aggregate Amount Beneficially Owned by Each Reporting Person

     

        0

    (12)

     

    Check if the Aggregate Amount in Row (9) Excludes Certain Shares  [   ]

    (13)

     

    Percent of Class Represented by Amount in Row (9)

     

        20.41%

    (14)

     

    Type of Reporting Person (See Instructions)

     

        CO


    CUSIP No. M7571L103
      (1)   

    Names of Reporting Persons/ I.R.S. Identification Nos. of Above Persons (Entities Only)

     

        Turki Saleh A. AlRajhi

        

      (2)  
    Check the Appropriate Box if a Member of a Group (See Instructions)
      (3)  

    SEC Use Only

     

      (4)  

    Source of Funds (See Instructions)

     

        WC

      (5)  

    Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)   [   ]

      (6)  

    Citizenship or Place of Organization

     

        Saudi Arabia

    Number of

    Shares

    Beneficially

    Owned by

    Each

    Reporting

    Person

    With

       (7)    

    Sole Voting Power

     

        0

       (8)   

    Shared Voting Power

     

        28,310,690

       (9)   

    Sole Dispositive Power

     

        0

       (10)   

    Shared Dispositive Power

     

        28,310,690

    (11)

     

    Aggregate Amount Beneficially Owned by Each Reporting Person

     

        28,310,690

    (12)

     

    Check if the Aggregate Amount in Row (9) Excludes Certain Shares  [   ]

    (13)

     

    Percent of Class Represented by Amount in Row (9)

     

        20.41%

    (14)

     

    Type of Reporting Person (See Instructions)

     

        IN


    CUSIP No. M7571L103
      (1)   

    Names of Reporting Persons/ I.R.S. Identification Nos. of Above Persons (Entities Only)

     

        Muhammad Asif Seemab

        

      (2)  
    Check the Appropriate Box if a Member of a Group (See Instructions)
      (3)  

    SEC Use Only

     

      (4)  

    Source of Funds (See Instructions)

     

        WC

      (5)  

    Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)   [   ]

      (6)  

    Citizenship or Place of Organization

     

        Pakistan

    Number of

    Shares

    Beneficially

    Owned by

    Each

    Reporting

    Person

    With

       (7)    

    Sole Voting Power

     

        0

       (8)   

    Shared Voting Power

     

        28,310,690

       (9)   

    Sole Dispositive Power

     

        0

       (10)   

    Shared Dispositive Power

     

        28,310,690

    (11)

     

    Aggregate Amount Beneficially Owned by Each Reporting Person

     

        28,310,690

    (12)

     

    Check if the Aggregate Amount in Row (9) Excludes Certain Shares  [   ]

    (13)

     

    Percent of Class Represented by Amount in Row (9)

     

        20.41%

    (14)

     

    Type of Reporting Person (See Instructions)

     

        IN


    Item 1. Security and Issuer
    The title of the class of equity securities is Ordinary Shares ("Shares"). The name and principal executive office of the issue is as follows:

    Otonomo Technologies Ltd.
    16 Abba Eban Blvd.
    Herzliya Pituach 467256, Israel
    Item 2. Identity and Background
    (a)
    (i) Mithaq Capital SPC
    (ii) Turki Saleh A. AlRajhi
    (iii) Muhammad Asif Seemab
    (b)
    (i) Mithaq Capital SPC
    c/o Synergy, Anas Ibn Malik Road
    Al Malqa, Riyadh 13521 Saudi Arabia

    (ii) Turki Saleh A. AlRajhi
    Mithaq Capital SPC
    c/o Synergy, Anas Ibn Malik Road
    Al Malqa, Riyadh 13521 Saudi Arabia

    (iii) Muhammad Asif Seemab
    Mithaq Capital SPC
    c/o Synergy, Anas Ibn Malik Road
    Al Malqa, Riyadh 13521 Saudi Arabia
    (c)
    (i) The principal business of Mithaq Capital SPC is to act as an investment vehicle for certain members of the AlRajhi family, of which Turki Saleh A. AlRajhi is a member, and select other eligible individuals who are employed by Mithaq Capital SPC or its affiliates.

    (ii) The principal occupation of Turki Saleh A. AlRajhi is an investor and Chairman and Chief Executive Officer of Mithaq Holding Company, an affiliate of Mithaq
    Capital SPC.

    (iii) The principal occupation of Muhammad Asif Seemab is Managing Director of Mithaq Capital, an affiliate of Mithaq Capital SPC.
    (d)
    During the five years preceding the date of this filing, none of the Reporting Persons, nor, to their knowledge, any manager or executive officer of Mithaq Capital SPC or any person controlling Mithaq Capital SPC, has been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors).
    (e)
    During the five years preceding the date of this filing, none of the Reporting Persons, nor, to their knowledge, any manager or executive officer of Mithaq Capital SPC or any person controlling Mithaq Capital SPC, has been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of such proceeding was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect to such laws.
    (f)
    (i) Mithaq Capital SPC is a segregated portfolio company organized in the Cayman Islands.
    (ii) Turki Saleh A. AlRajh is a citizen of Saudi Arabia.
    (iii) Muhammad Asif Seemab is a citizen of Pakistan.
    Item 3. Source and Amount of Funds or Other Consideration
    Mithaq Capital SPC expended an aggregate of approximately 13,173,649.91 (USD) of its own investment capital to purchase the Shares of the Issuer reported on this Schedule 13D. The source of funds for any additional purchase of Shares also will be Mithaq Capital SPC's investment capital.
    Item 4. Purpose of Transaction
    Mithaq Capital SPC acquired the Shares for investment, and the purchase of any additional Shares also will be for investment. The Reporting Persons or their representatives may speak with the Issuer's representatives regarding the Issuer's strategy, governance and business and operations. In addition, the Reporting Persons may engage in communications regarding the items above with other shareholders of the Issuer, knowledgeable industry or market observers, industry participants, or other persons.

    Mithaq Capital SPC intends to review its investment in the Issuer on an ongoing basis. Mithaq Capital SPC may take a number of actions to maximize the value of its investment, including increasing or decreasing the size of its investment in the Issuer, although it has no present intention to increase its ownership to 25% or more of the outstanding Shares. The actions taken by Mithaq Capital SPC to maximize the value of its investment will depend upon numerous factors, including, among other things, the price and availability of securities of the Issuer; subsequent developments affecting the Issuer; the Issuer's business and prospects; general stock market and money market and economic conditions; tax considerations; ongoing evaluation of the Issuer's business, financial condition, operations, prospects and strategic alternatives; the relative attractiveness of alternative business and investment opportunities; the attitudes and actions of the board of directors and management of the Issuer; and other factors deemed relevant.

    The Reporting Persons do not have any plans or proposals with respect to any extraordinary corporate transaction involving the Issuer or any sale of its assets or any change in the Issuer's board of directors, management, capitalization, dividend policy, charter or by-laws, or any other change in its business or corporate structure or with respect to any of the matters described in subparagraphs (a) through (j) of Item 4 of Schedule 13D.
    Item 5. Interest in Securities of the Issuer.
    (a)
    The information contained on the cover pages to this Schedule 13D is incorporated herein by reference.

    All percentages referred to on the cover pages are based on 138,676,820 ordinary shares issued and outstanding as of 20 July 2022 as confirmed by management.
    (b)
    See response to Item 5.a. above.
    (c)
    Information concerning transactions in the Shares effected by the Reporting Persons during the past sixty days is set forth in Exhibit A hereto and is incorporated herein by reference. All of the transactions in Shares listed in Exhibit A were effected in the open market brokerage transactions. All cost amounts are reported in United States Dollars (USD).
    (d)
    Except as described in this Schedule 13D, to the knowledge of the Reporting Persons, only Mithaq Capital SPC has the right to receive or the power to direct the receipt of dividends from, or proceeds from the sale of, the shares reported on this Schedule 13D.
    (e)
    Not applicable.
    Item 6. Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer
    Mithaq Capital SPC is managed by its Board of Directors, which consists of Turki Saleh A. AlRajhi and Muhammad Asif Seemab, and the Board has exclusive authority concerning purchases, dispositions and voting of Shares reported on this Schedule 13D. Each of Mr. AlRajhi and Mr. Seemab possesses an ownership interest in Mithaq Capital SPC, and Mr. Seemab may share in any profits realized from Mithaq Capital SPC's investment in the shares.
    Item 7. Material to Be Filed as Exhibits
    EX-1.1
      
    Transactions
    EX-1.2
      
    Joint Filing Statement
     


     
    SIGNATURES
     
    After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
     
    Date:   July 25, 2022
    Mithaq Capital SPC
    By: /s/ Turki Saleh A. AlRajhi

    Name: Turki Saleh A. AlRajhi
    Title: Director
    Date:   July 25, 2022
    Mithaq Capital SPC
    By: /s/ Muhammad Asif Seemab

    Name: Muhammad Asif Seemab
    Title: Director
    Date:   July 25, 2022
    By: /s/ Turki Saleh A. AlRajhi

    Name: Turki Saleh A. AlRajhi
    Date:   July 25, 2022
    By: /s/ Muhammad Asif Seemab

    Name: Muhammad Asif Seemab


    Exhibit Index
     
    Exhibit No.

      
    Description

    EX-1.1
      
    Transactions
    EX-1.2
      
    Joint Filing Statement
    Get the next $OTMO alert in real time by email

    Crush Q3 2025 with the Best AI Superconnector

    Stay ahead of the competition with Standout.work - your AI-powered talent-to-startup matching platform.

    AI-Powered Inbox
    Context-aware email replies
    Strategic Decision Support
    Get Started with Standout.work

    Recent Analyst Ratings for
    $OTMO

    DatePrice TargetRatingAnalyst
    6/3/2022$1.50Neutral
    Citigroup
    3/2/2022$8.00 → $6.00Buy
    Needham
    10/25/2021$10.00 → $8.00Buy
    Needham
    9/28/2021$10.00Buy
    Needham
    8/23/2021$13.00Buy
    B. Riley Securities
    More analyst ratings

    $OTMO
    Press Releases

    Fastest customizable press release news feed in the world

    View All

    Urgently Announces Anticipated Closing of Merger With Otonomo Technologies

    Anticipated closing of all-stock transaction on Thursday, October 19 Urgently common stock expected to begin trading on Nasdaq under symbol "ULY" at close Urgent.ly Inc. ("Urgently"), a U.S.-based leading provider of digital roadside and mobility assistance technology and services, today announced that, subject to the completion or waiver of customary closing conditions, the Closing of the Merger (as defined below) is expected to take place prior to the market open on Thursday, October 19, 2023. Capitalized terms used in this press release but not otherwise defined herein have the meanings given to them in the Merger Agreement (as defined below). In accordance with the terms of the Ag

    10/18/23 9:15:00 AM ET
    $OTMO
    Computer Software: Prepackaged Software
    Technology

    Otonomo Announces Shareholder Approval of Business Combination with Urgently

    HERZLIYA, Israel and SAN FRANCISCO, Sept. 19, 2023 (GLOBE NEWSWIRE) -- Otonomo Technologies Ltd. (NASDAQ:OTMO) ("Otonomo"), the platform powering the mobility economy, today announced that its shareholders approved its proposed business combination with Urgent.ly, Inc. ("Urgently"), a U.S.-based leading provider of digital roadside and mobility assistance technology and services, at a special meeting of shareholders held yesterday. A Form 6-K disclosing the full voting results was filed with the Securities and Exchange Commission. Upon closing of the transaction, which is expected to occur before the end of October 2023, the combined company will operate under the name Urgent.ly, Inc. and

    9/19/23 4:25:00 PM ET
    $OTMO
    Computer Software: Prepackaged Software
    Technology

    Otonomo Reports Second Quarter 2023 Financial and Operational Results

    HERZLIYA, Israel and SAN FRANCISCO, Aug. 24, 2023 (GLOBE NEWSWIRE) -- Otonomo Technologies Ltd. (NASDAQ:OTMO) ("Otonomo" or the "Company"), the platform powering the mobility economy, today announced its financial and operational results for the quarter ended June 30, 2023. Recent Developments Cost Reduction Initiative In June 2023, the Company completed the process of sunsetting part of its connected vehicle data services ("CVD services"), which include services relating to aggregate multi-layered data, standardized data and data blurred to remove identifiers. The sunsetting of CVD services resulted in a further workforce reduction. Upon completion of the CVD service

    8/24/23 4:01:00 PM ET
    $OTMO
    Computer Software: Prepackaged Software
    Technology

    $OTMO
    Analyst Ratings

    Analyst ratings in real time. Analyst ratings have a very high impact on the underlying stock. See them live in this feed.

    View All

    Citigroup initiated coverage on Otonomo Technologies with a new price target

    Citigroup initiated coverage of Otonomo Technologies with a rating of Neutral and set a new price target of $1.50

    6/3/22 7:30:45 AM ET
    $OTMO
    Computer Software: Prepackaged Software
    Technology

    Needham reiterated coverage on Otonomo Technologies with a new price target

    Needham reiterated coverage of Otonomo Technologies with a rating of Buy and set a new price target of $6.00 from $8.00 previously

    3/2/22 9:59:41 AM ET
    $OTMO
    Computer Software: Prepackaged Software
    Technology

    Needham reiterated coverage on Otonomo Technologies with a new price target

    Needham reiterated coverage of Otonomo Technologies with a rating of Buy and set a new price target of $8.00 from $10.00 previously

    10/25/21 6:36:45 AM ET
    $OTMO
    Computer Software: Prepackaged Software
    Technology

    $OTMO
    SEC Filings

    View All

    SEC Form 15-12G filed by Otonomo Technologies Ltd.

    15-12G - Otonomo Technologies Ltd. (0001842498) (Filer)

    10/30/23 4:47:04 PM ET
    $OTMO
    Computer Software: Prepackaged Software
    Technology

    SEC Form EFFECT filed by Otonomo Technologies Ltd.

    EFFECT - Otonomo Technologies Ltd. (0001842498) (Filer)

    10/23/23 12:15:20 AM ET
    $OTMO
    Computer Software: Prepackaged Software
    Technology

    SEC Form EFFECT filed by Otonomo Technologies Ltd.

    EFFECT - Otonomo Technologies Ltd. (0001842498) (Filer)

    10/23/23 12:15:22 AM ET
    $OTMO
    Computer Software: Prepackaged Software
    Technology

    $OTMO
    Insider Trading

    Insider transactions reveal critical sentiment about the company from key stakeholders. See them live in this feed.

    View All

    SEC Form 4: Mithaq Capital Spc bought $1,092,562 worth of shares (769,410 units at $1.42) (Amendment)

    4/A - Otonomo Technologies Ltd. (0001842498) (Issuer)

    3/15/22 5:02:05 PM ET
    $OTMO
    Computer Software: Prepackaged Software
    Technology

    SEC Form 4: Mithaq Capital Spc bought $1,092,562 worth of shares (769,410 units at $1.42)

    4 - Otonomo Technologies Ltd. (0001842498) (Issuer)

    3/15/22 12:33:40 PM ET
    $OTMO
    Computer Software: Prepackaged Software
    Technology

    $OTMO
    Leadership Updates

    Live Leadership Updates

    View All

    Otonomo Appoints Fred Kohout as Chief Marketing Officer

    HERZLIYA, Israel and SAN JOSE, Calif., Jan. 12, 2022 (GLOBE NEWSWIRE) -- Otonomo Technologies Ltd. (Otonomo), (NASDAQ:OTMO), a leading mobility intelligence provider, today announced the appointment of Fred Kohout as Chief Marketing Officer (CMO). Bringing more than three decades of sales and marketing experience to Otonomo, Kohout will be charged with scaling Otonomo's brand to demand engine to capitalize on the immense market opportunity represented by connected vehicle data and mobility intelligence. Mr. Kohout joins a growing executive team at Otonomo, including recently appointed leaders Doron Simon, Executive Vice President of Corporate Development and Strategy, Anders Truelsen, Chi

    1/12/22 8:30:00 AM ET
    $OTMO
    Computer Software: Prepackaged Software
    Technology

    Otonomo Announces the Appointment of Two Additional Board Members

    HERZLIYA, ISRAEL and SAN JOSE, CA, Aug. 24, 2021 (GLOBE NEWSWIRE) -- Otonomo Technologies Ltd. (Otonomo) (NASDAQ:OTMO), a leading provider of a pioneering vehicle data platform and marketplace, today announced that Vered Raviv Schwarz and Jonathan Huberman were appointed to its Board of Directors. Ben Volkow, Otonomo CEO and Chairman of the Board, commented "We are truly honored to welcome Vered and Jonathan to our Board. Ms. Raviv Schwarz brings 28 years of expertise in leadership, corporate law, and mergers and acquisitions. As former President, Chief Operating Officer and General Counsel at private and public companies in the technology industry, she brings unparalleled executive expe

    8/24/21 8:00:00 AM ET
    $OTMO
    Computer Software: Prepackaged Software
    Technology

    $OTMO
    Financials

    Live finance-specific insights

    View All

    Otonomo to Announce Fourth Quarter and Full Year 2022 Financial Results on February 15

    HERZLIYA, Israel and SAN FRANCISCO, Feb. 01, 2023 (GLOBE NEWSWIRE) -- Otonomo Technologies Ltd. (NASDAQ:OTMO), the platform powering the mobility economy, today announced that it will release its financial results for the fourth quarter and full year, ending December 31, 2022, before the market opens on Wednesday, February 15, 2023. Otonomo's management will host a conference call to discuss the fourth quarter and full year 2022 financial results on Wednesday, February 15, 2023, at 8:30 a.m. Eastern Time.Management team members on the call will include Ben Volkow, CEO, Director & Co-Founder and Bonnie Moav, CFO.Otonomo encourages participants to pre-register for the conference call here.

    2/1/23 8:00:00 AM ET
    $OTMO
    Computer Software: Prepackaged Software
    Technology

    Otonomo Announces Third Quarter 2022 Results

    HERZLIYA, Israel and SAN FRANCISCO, Nov. 16, 2022 (GLOBE NEWSWIRE) -- Otonomo Technologies Ltd. (NASDAQ:OTMO), the platform powering the mobility economy, today announced its financial results for the quarter ended September 30, 2022. Third Quarter 2022 Financial Results: Revenue for the third quarter 2022 was $2.0 million compared to $0.2 million for the third quarter 2021.GAAP operating loss for the third quarter 2022 was $37.0 million, including an impairment charge of $26.3 million for writing off all Goodwill and Intangible assets related to acquisitions made in the past, compared to $0 million for the third quarter 2021.Non-GAAP operating loss* for the third quarter 2022 was $13.4

    11/16/22 8:00:00 AM ET
    $OTMO
    Computer Software: Prepackaged Software
    Technology

    Otonomo to Announce Third Quarter 2022 Financial Results on November 16

    HERZLIYA, ISRAEL and SAN FRANCISCO, Oct. 31, 2022 (GLOBE NEWSWIRE) -- Otonomo Technologies Ltd. (NASDAQ:OTMO), the platform powering the mobility economy, today announced that it will release its financial results for the third quarter of 2022 before the market opens on Wednesday, November 16, 2022. Otonomo's management team will host a conference call to discuss the second quarter 2022 financial results on Wednesday, November 16, 2022, at 8:30 a.m. Eastern Time. Management team members on the call will include Ben Volkow, CEO, Director & Co-Founder, and Bonnie Moav, CFO. Otonomo encourages participants to pre-register for the conference call here. Participants can choose to

    10/31/22 8:00:00 AM ET
    $OTMO
    Computer Software: Prepackaged Software
    Technology

    $OTMO
    Large Ownership Changes

    This live feed shows all institutional transactions in real time.

    View All

    SEC Form SC 13G/A filed by Otonomo Technologies Ltd. (Amendment)

    SC 13G/A - Otonomo Technologies Ltd. (0001842498) (Subject)

    2/14/24 6:56:26 AM ET
    $OTMO
    Computer Software: Prepackaged Software
    Technology

    SEC Form SC 13D/A filed by Otonomo Technologies Ltd. (Amendment)

    SC 13D/A - Otonomo Technologies Ltd. (0001842498) (Subject)

    10/30/23 10:12:02 AM ET
    $OTMO
    Computer Software: Prepackaged Software
    Technology

    SEC Form SC 13G/A filed by Otonomo Technologies Ltd. (Amendment)

    SC 13G/A - Otonomo Technologies Ltd. (0001842498) (Subject)

    2/10/23 4:21:12 PM ET
    $OTMO
    Computer Software: Prepackaged Software
    Technology