Selbright in an unusual step: cancels its Israeli registration and becomes an American company

Selbright, the Israeli technology company traded on Nasdaq at a valuation of about $3 billion, announced the cancellation of its Israeli registration and a move to incorporate as an American company. The board approved advancing a corporate reorganization that will establish a new American parent company. The move, unusual for a mature company, is expected to be completed by mid-2027, subject to shareholder and regulatory approvals. Operations in Israel will continue without expected layoffs.

Selbright, the Israeli technology company traded on Nasdaq at a valuation of about $3 billion, announced an unusual step: canceling its Israeli registration and moving to incorporate as an American company. The board approved advancing a corporate reorganization that will establish a new American parent company. This is a move to change the place of incorporation, which is usually accompanied by the removal of intellectual property from Israel. Sources close to the company noted that operations in Israel will continue as usual and no layoffs are expected. The move is expected to be completed by mid-2027, subject to shareholder and regulatory approvals. The new CEO, Shivan Ramji, appointed about a month ago, said the change is intended to strengthen the company's position in the American market and attract a wider range of investors. Ironically, the previous CEO, Yossi Carmil, who left after two decades, said in a farewell interview that relocation is the biggest threat to Israeli high-tech. Selbright develops digital investigation and intelligence systems, and has been linked in the past to cases of civil rights violations. The move is also intended to distance the company from the Israeli label and ease obtaining contracts in the US defense sector.