Nano-X Imaging Ltd.

NANO-X IMAGING LTD was incorporated under the laws of the State of Israel on December 20, 2018 and commenced operations on September 3, 2019. Substantially all of our assets at the time of commencement of our operations were acquired or assigned (the Asset Purchase ) from our predecessor company, Nanox Imaging PLC ( Nanox Gibraltar ), a Gibraltar public company, under an Asset Purchase Agreement, dated as of September 3, 2019 and as amended on December 3, 2019 and December 31, 2019, between Nanox Gibraltar and us. On November 2, 2021, the Company completed the acquisition of 100% of the shares of USARAD Holdings, Inc., a Delaware corporation ( USARAD ), pursuant to the terms of the Stock Purchase Agreement, dated October 25, 2021 (the USARAD SPA ), among the Company, USARAD, Dr. Michael Yuz, other holders of capital stock of USARAD and holders of USARAD options. USARAD is a U.S.-based teleradiology company with approximately 29 active U.S. certified radiologists and cardiologists in its network. At closing, the Company (through a wholly-owned subsidiary) purchased 100% of the shares of USARAD on a fully diluted basis for $7,300,000 in cash and 496,545 ordinary shares.