ODDITY Tech Announces Purchase Of Class A Shares By Global CFO Lindsay Drucker Mann
12 9월 2023 - 8:00PM
ODDITY Tech Ltd. (NASDAQ: ODD) today announced that its Global CFO,
Lindsay Drucker Mann, has recently purchased an aggregate of
approximately $1,000,000 of ODDITY’s Class A ordinary shares in the
open market. The purchases were made in full compliance with
ODDITY’s insider trading policy.
Ms. Drucker Mann’s decision to purchase shares reflects the
compelling value she sees in the stock and her strong confidence in
the business.
About ODDITY:
ODDITY is a consumer tech company that builds and scales
digital-first brands to disrupt the offline-dominated beauty and
wellness industries. The company serves over 40 million users with
its AI-driven online platform, deploying data science to identify
consumer needs, and developing solutions in the form of beauty and
wellness products. ODDITY owns IL MAKIAGE and SpoiledChild. The
company operates with business headquarters in New York City, an
R&D center in Tel Aviv, Israel, and a biotechnology lab in
Boston.
Forward-Looking Statements:
Certain statements in this press release may constitute
“forward-looking” statements and information, within the meaning of
Section 27A of the Securities Act of 1933, Section 21E of the
Securities Exchange Act of 1934, and the safe harbor provisions of
the U.S. Private Securities Litigation Reform Act of 1995. These
forward-looking statements may address various matters, including
ODDITY’s business strategy, market opportunity and future
performance. These forward-looking statements are subject to risks,
uncertainties and assumptions, some of which are beyond our
control. In addition, these forward-looking statements reflect
management’s current views with respect to future events and are
not a guarantee of future performance. Actual outcomes may differ
materially from the information contained in the forward-looking
statements as a result of a number of factors, including, without
limitation, the following: our ability to maintain the value of our
brands; our ability to anticipate and respond to market trends and
changes in consumer preferences; our ability to attract new
customers, retain existing customers and maintain or increase sales
to those customers; our ability to maintain a strong base of
engaged customers and content creators; the loss of suppliers or
shortages or disruptions in the supply of raw materials or finished
products; our ability to accurately forecast customer demand,
manage our inventory, and plan for future expenses; our future rate
of growth; competition; the fluctuating cost of raw materials; the
illegal distribution and sale by third parties of counterfeit
versions of our products or the unauthorized diversion by third
parties of our products; changes in, or disruptions to, our
shipping arrangements; our ability to manage our growth
effectively; a general economic downturn or sudden disruption in
business conditions; our ability to successfully introduce and
effectively market new brands, or develop and introduce new,
innovative, and updated products; foreign currency fluctuations;
product returns; our ability to execute on our business strategy;
our ability to maintain a high level of customer satisfaction; our
ability to comply with and adapt to changes in laws and regulatory
requirements applicable to our business, including with respect to
regulation of the internet and e-commerce, evolving AI-technology
related laws, tax laws, the anti-corruption, trade compliance,
anti-money laundering, and terror finance and economic sanctions
laws and regulations, consumer protection laws, and data privacy
and security laws; failure of our products to comply with quality
standards and risks related to product liability claims; trade
restrictions; existing and potential tariffs; any data breach or
other security incident of our information technology systems, or
those of our third-party service providers or cyberattacks; risks
related to online transactions and payment methods; any failure to
obtain, maintain, protect, defend, or enforce our intellectual
property rights; conditions in Israel; the concentration of our
voting power as a result of our dual class structure; our status as
a foreign private issuer; and other risk factors set forth in the
section titled “Risk Factors” in our Prospectus filed pursuant to
Rule 424(b) with the Securities and Exchange Commission on July 18,
2023, and other documents filed with or furnished to the SEC. These
statements reflect management’s current expectations regarding
future events and operating performance and speak only as of the
date of this press release. You should not put undue reliance on
any forward-looking statements. Except as required by applicable
law, we undertake no obligation to update or revise publicly any
forward-looking statements.
Contacts:
Press:
Michael Braun
michaelb@oddity.com
Investor:
investors@oddity.com
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