14th July 2025
14th July 2025
Cloudtag is pleased to confirm a significant and positive step forward in the completion of the transaction process, as first outlined in our 24th June 2025 update.
We are delighted to announce the formal appointment of a highly experienced, independent US-based lawyer as Transaction Agent, who has also joined the Cloudtag Board as a non-executive director. His addition brings substantial legal and transactional expertise to the Company at a pivotal moment. The Transaction Agent will take full operational leadership of the handover process — managing all legal, financial, and technical aspects — while engaging directly with key parties, including the paying agents responsible for distributing DaaP and licence funds to shareholders.
As part of this transition, Amit Ben-Haim will step down as Chief Executive Officer and remain on the Board in a non-executive capacity for a short transitional period, providing direct support to the Transaction Agent before stepping away from the Board.
The Dapp transaction update will be published via the companies website.
The Company remains bound by strict non-disclosure agreements relating to these arrangements.
All future updates and official information will continue to be published exclusively at www.cloudtag.com.