6-K

UNITEDSTATES

SECURITIESAND EXCHANGE COMMISSION

Washington,D.C. 20549

FORM6-K

REPORTOF FOREIGN PRIVATE ISSUER

PURSUANTTO RULE 13a-16 OR 15d-16

UNDERTHE SECURITIES EXCHANGE ACT OF 1934

For the month of November 2023

Commission File Number: 001-41408

BYNDCANNASOFT ENTERPRISES INC.

(Translation of registrant’s name into English)

7000Akko Road

KiryatMotzkin

Israel

(Address of principal executive offices)

Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.

Form<br> 20-F ☒	Form<br> 40-F ☐

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): _____

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): _____

Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.

Yes<br> ☐	No<br> ☒

If “Yes” marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): 82-________

On November 14, 2023, the Board of Directors of BYND Cannasoft Enterprises Inc. approved a Clawback Policy as required by Nasdaq rules.

A copy of the Policy is attached hereto and incorporated herein.

EXHIBITINDEX

Exhibit No.	Description of Exhibit
99.1	BYND Cannasoft Enterprises Inc. Clawback Policy

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SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

November 17, 2023

BYND CANNASOFT ENTERPRISES INC.
By:	/s/ Yftah Ben Yaackov
Name:	Yftah<br> Ben Yaackov
Title:	Chief<br> Executive Officer

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Exhibit99.1

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BYNDCANNASOFT ENTERPRISES INC.

(aBritish Columbia Company)

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CLAWBACKPOLICY

(As adopted on November 14, 2023)

1.	Introduction and Purpose
a.	Introduction.<br> This document sets forth the BYND Cannasoft Enterprises Inc. Clawback Policy (the “Policy”),<br> as adopted on November 14, 2023.
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b.	Purpose.<br> BYND Cannasoft Enterprises Inc. (the “Company”) has established this Policy<br> to appropriately align the interests of the executives of the Company, who have been designated<br> as Covered Executives, with those of the Company and to provide for the recovery of (i) Erroneously<br> Awarded Compensation from Covered Executives, and (ii) Recoverable Amounts from Covered Executives.<br> This Policy is designed to comply with Nasdaq Rule 5608 (“Rule 5608”)<br> and with Section 10D and Rule 10D-1 of the Exchange Act (“Rule 10D-1”).<br> All capitalized terms not defined herein shall have the meanings set forth in Section<br> 4 of this Policy.
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2.	Mandatory Recovery as Required by the SEC and the Nasdaq
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a.	Recovery of Erroneously Awarded Compensation due to an Accounting Restatement.

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A.	In<br> the event of an Accounting Restatement, the Company will reasonably promptly recover the<br> Erroneously Awarded Compensation in accordance with Rule 5608 and Rule 10D-1 as follows:

(i) Upon the occurrence of an Accounting Restatement, the Committee shall determine the amount of any Erroneously Awarded Compensation and shall promptly deliver a written notice to each Covered Executive containing the amount of any Erroneously Awarded Compensation and a demand for repayment or return of such compensation, as applicable. For the avoidance of doubt, recovery of Erroneously Awarded Compensation is on a “no fault” basis, meaning that it will occur regardless of whether the Covered Executive engaged in misconduct or was otherwise directly or indirectly responsible, in whole or in part, for the Accounting Restatement. To determine the amount of any Erroneously Awarded Compensation for Incentive-based Compensation that is based on a Financial Reporting Measure other than stock price or TSR, after an Accounting Restatement:

●	The<br> Company shall recalculate the applicable Financial Reporting Measure and the amount of Incentive-based<br> Compensation that would have been Received based on such Financial Reporting Measure; and
●	The<br> Company shall determine whether the Covered Executive Received a greater amount of Incentive-based<br> Compensation than would have been Received applying the recalculated Financial Reporting<br> Measure, based on: (i) the originally calculated Financial Reporting Measure, and (ii) taking<br> into consideration any discretion that the Committee applied to reduce the amount originally<br> received.
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To determine the amount of any Erroneously Awarded Compensation for Incentive-based Compensation that is based on stock price or TSR, where the amount of Erroneously Awarded Compensation is not subject to mathematical recalculation directly from the information in the applicable Accounting Restatement:

●	The<br> amount to be repaid or returned shall be determined by the Committee based on a reasonable<br> estimate of the effect of the Accounting Restatement on the Company’s stock price or<br> TSR upon which the Incentive-based Compensation was Received; and
●	The<br> Company shall maintain documentation of the determination of such reasonable estimate and<br> provide the relevant documentation as required to the Nasdaq.
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(ii) The Committee shall have discretion to determine the appropriate means of recouping Erroneously Awarded Compensation hereunder based on the particular facts and circumstances which may include, without limitation:

●	requiring<br> reimbursement of cash Incentive-based Compensation previously paid;
●	seeking<br> recovery of any gain realized on the vesting, exercise, settlement, sale, transfer, or other<br> disposition of any equity-based awards;
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●	offsetting<br> the recouped amount from any compensation otherwise owed by the Company to the Covered Executive;
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●	canceling<br> outstanding vested or unvested equity awards; and/or
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●	taking<br> any other remedial and recovery action permitted by law, as determined by the Committee,<br> in its sole discretion.
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(iii) Notwithstanding the foregoing, except as set forth in Section 2.a.B. below, in no event may the Company accept an amount that is less than the amount of Erroneously Awarded Compensation in satisfaction of a Covered Executive’s obligations hereunder.

(iv) To the extent that a Covered Executive fails to repay all Erroneously Awarded Compensation to the Company when due, the Company shall take all actions reasonable and appropriate to recover such Erroneously Awarded Compensation from the applicable Covered Executive. The applicable Covered Executive shall be required to reimburse the Company for any and all expenses reasonably incurred (including legal fees) by the Company in recovering such Erroneously Awarded Compensation in accordance with the immediately preceding sentence.

B.	Notwithstanding<br> anything herein to the contrary, the Company shall not be required to take the actions contemplated<br> by Section 2.a.A. above if the Committee determines that recovery would be impracticable<br> and any of the following two conditions are met:

(i) The Committee has determined that the direct expenses, such as reasonable legal expenses and consulting fees, paid to a third party to assist in enforcing the Policy would exceed the amount to be recovered. In order for the Committee to make this determination, the Company must make a reasonable attempt to recover the Erroneously Awarded Compensation, document such attempt(s) to recover, and provide such documentation to the Nasdaq;

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(ii) Recovery would likely cause an otherwise tax-qualified retirement plan, under which benefits are broadly available to employees of the Company, to fail to meet the requirements of Section 401(a)(13) or Section 411(a) of the Code; or

(iii) Recovery would violate the Company’s home country law; provided, however, such law was adopted prior to November 28, 2022; and provided further that before concluding that it would be impracticable to recover any amount of erroneously awarded compensation based on violation of the Company’s home country law, the Company must obtain an opinion of home country counsel, acceptable to Nasdaq, that recovery would result in such a violation, and must provide such opinion to Nasdaq.

b.	Mandatory Disclosure. The Company shall file this Policy and, in the event of an Accounting Restatement,<br> will disclose information related to such Accounting Restatement in accordance with applicable<br> law, including, for the avoidance of doubt, Rule 10-D1 and Rule 5608.
c.	Prohibition of Indemnification. The Company shall not be permitted to insure or indemnify any Covered<br> Executive against (i) the loss of any Erroneously Awarded Compensation that is repaid, returned,<br> or recovered pursuant to the terms of this Policy, or (ii) any claims relating to the Company’s<br> enforcement of its rights under this Policy. While Covered Executive subject to this Policy<br> may purchase their own personal insurance to cover their potential recovery obligations,<br> the Company shall not be permitted to pay or reimburse the Covered Executive for premiums<br> for such an insurance policy. Further, the Company shall not enter into any agreement that<br> exempts any Incentive-based Compensation that is granted, paid, or awarded to a Covered Executive<br> from the application of this Policy or that waives the Company’s right to recovery<br> of any Erroneously Awarded Compensation, and this Policy shall supersede any such agreement<br> (whether entered into before, on, or after the Effective Date of this Policy), including,<br> for the avoidance of doubt, the Company’s Indemnification Agreement.
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d.	Other Recoupment Rights. This Policy shall be binding and enforceable against all Covered Executives<br> and, to the extent required by applicable law or guidance from the SEC or Nasdaq, their beneficiaries,<br> heirs, executors, administrators, or other legal representatives. The Administrator intends<br> that this Policy will be applied to the fullest extent required by applicable law. Any employment<br> agreement, equity award agreement, compensatory plan, or any other agreement or arrangement<br> with a Covered Executive shall be deemed to include, as a condition to the grant of any benefit<br> thereunder, an agreement by the Covered Executive to abide by the terms of this Policy. Any<br> right of recovery under this Policy is in addition to, and not in lieu of, any other remedies<br> or rights of recovery that may be available to the Company under applicable law, regulation,<br> or rule pursuant to the terms of any policy of the Company or any provision in any employment<br> agreement, equity award agreement, compensatory plan, agreement, or other arrangement.
3.	Miscellaneous and Definitions
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a.	Administration and Interpretation. This Policy shall be administered by the Committee or by the Board<br> acting as the Committee (either of these, as applicable, the “Administrator”),<br> which shall have authority to (i) exercise all of the powers granted to it under the Policy,<br> (ii) construe, interpret, and implement this Policy, (iii) make all determinations necessary<br> or advisable in administering this Policy and for the Company’s compliance with Rule<br> 5608, Section 10D and Rule 10D-1, and any other applicable law, regulation, rule, or interpretation<br> of the SEC or Nasdaq rules promulgated or issued in connection therewith, and (iv) amend<br> this Policy, including to reflect changes in applicable law or stock exchange regulation.<br> Any determinations made by the Administrator shall be final and binding on all affected individuals.
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| --- | | b. | Application and Method of Recovery. Nothing in this Policy will limit in any respect (i) the Company’s<br> right to take or not to take any action with respect to any Covered Executive’s or<br> any other person’s employment or (ii) the obligation of the Chief Executive Officer<br> or the Chief Financial Officer to reimburse the Company in accordance with Section 304 of<br> the Sarbanes-Oxley Act of 2002, as amended. Any determination made pursuant to Section<br> 3 of this Policy and any application and implementation thereof need not be uniform with<br> respect to each Covered Executive, or payment recovered or forfeited under this Policy. To<br> the extent permitted by applicable law, the Board may seek to recoup Recoverable Amounts<br> by all legal means available, including but not limited to, by requiring any affected Covered<br> Executive to repay such amount to the Company, by set-off, by reducing future compensation<br> of the affected Covered Executive, or by such other means or combination of means as the<br> Board, in its sole discretion, determines to be appropriate. | | --- | --- | | c. | Disclosure of Clawback Events. If the Board determines that a Clawback Event has occurred that is<br> subsequently disclosed by the Company in a public filing required under the Exchange Act<br> (a “Disclosed Event”), the Company will disclose in the proxy statement<br> relating to the year in which such determination is made (i) if any amount was clawed back<br> from a Covered Executive and the aggregate amount clawed back or (ii) if no amount was clawed<br> back from the Covered Executive as a result of the Disclosed Event, the fact that no amount<br> was clawed back | | --- | --- | | d. | Amendment; Termination. The Administrator may amend this Policy from time to time in its discretion<br> and shall amend this Policy as it deems necessary. Notwithstanding anything in this Section<br> to the contrary, no amendment or termination of this Policy shall be effective if such amendment<br> or termination would (after taking into account any actions taken by the Company contemporaneously<br> with such amendment or termination) cause the Company to violate any federal securities laws,<br> Rule 10D-1, or any Nasdaq rules. | | --- | --- |

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e.	Definitions.<br> For purposes of this Policy, the following terms shall have the following meanings:
(a)	“Accounting<br> Restatement” means an accounting restatement due to the material noncompliance<br> of the Company with any financial reporting requirement under the securities laws, including<br> any required accounting restatement to correct an error in previously issued financial statements<br> that is material to the previously issued financial statements (a “Big R” restatement),<br> or that corrects an error that is not material to previously issued financial statements<br> but would result in a material misstatement if the error were corrected in the current period<br> or left uncorrected in the current period (a “little R” restatement).
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(b)	“Board”<br> means the Board of Directors of the Company.
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(c)	“Clawback<br> Eligible Incentive Compensation” means all Incentive-based Compensation<br> Received by a Covered Executive (i) on or after the Effective Date, (ii) after beginning<br> service as a Covered Executive, (iii) who served as a Covered Executive at any time during<br> the applicable performance period relating to any Incentive-based Compensation (whether or<br> not such Covered Executive is serving at the time any Erroneously Awarded Compensation is<br> required to be repaid to the Company), (iv) while the Company has a class of securities listed<br> on a national securities exchange or a national securities association, and (v) during the<br> applicable Clawback Period.
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| --- | | (d) | “Clawback<br> Period” means, with respect to any Accounting Restatement, the three completed<br> fiscal years of the Company immediately preceding the Restatement Date and if the Company<br> changes its fiscal year, any transition period of less than nine months within or immediately<br> following those three completed fiscal years. | | --- | --- | | (e) | “Code”<br> means the Internal Revenue Code of 1986, as amended, and the regulations thereunder. | | --- | --- | | (f) | “Committee”<br> means the Compensation Committee of the Board of Directors of the Company, which is required<br> to be composed entirely of independent directors. | | --- | --- | | (g) | “Covered<br> Executive” means each “officer,” as defined in Rule 16a-1 under the<br> Exchange Act, and any other senior executive as designated by the Committee or the Board. | | --- | --- | | (h) | “Effective<br> Date” means October 2, 2023. | | --- | --- | | (i) | “Erroneously<br> Awarded Compensation” means, with respect to each Covered Executive in<br> connection with an Accounting Restatement, the amount of Clawback Eligible Incentive Compensation<br> that exceeds the amount of Incentive-based Compensation that would have been Received had<br> it been determined based on the restated amounts in the Accounting Restatement, computed<br> without regard to any taxes paid. | | --- | --- | | (j) | “Exchange<br> Act” means the Securities Exchange Act of 1934, as amended. | | --- | --- | | (k) | “Financial<br> Reporting Measures” means measures that are determined and presented in accordance<br> with the accounting principles used in preparing the Company’s financial statements,<br> and all other measures that are derived wholly or in part from such measures. Stock price<br> and TSR (and any measures that are derived wholly or in part from stock price or TSR) shall,<br> for purposes of this Policy, be considered Financial Reporting Measures. For the avoidance<br> of doubt, a Financial Reporting Measure need not be presented in the Company’s financial<br> statements or included in a filing with the SEC. | | --- | --- | | (l) | “Incentive-based<br> Compensation” means any compensation that is granted, earned, or vested based wholly<br> or in part upon the attainment of a Financial Reporting Measure. | | --- | --- | | (m) | “Nasdaq”<br> means the Nasdaq Stock Market. | | --- | --- | | (n) | “Recoverable<br> Amounts” means (i) any equity compensation (including stock options, restricted<br> stock, time-based restricted stock units, performance-based restricted stock units, and any<br> other equity awards) or (ii) cash incentive-based compensation (other than base salary),<br> in each case received after the Effective Date. | | --- | --- | | (o) | “Received”<br> means, with respect to any Incentive-based Compensation, actual or deemed receipt, and Incentive-based<br> Compensation shall be deemed received in the Company’s fiscal period during which the<br> Financial Reporting Measure specified in the Incentive-based Compensation award is attained<br> even if the payment or grant of the Incentive-based Compensation to the Covered Executive<br> occurs after the end of that period. For the avoidance of doubt, Incentive-based Compensation<br> shall only be treated as Received during one (and only one) fiscal year, even if such Incentive-based<br> Compensation is deemed received in one fiscal year and actually received in a later fiscal<br> year. For example, if an amount is deemed received in 2024, but actually received in 2025,<br> such amount shall be treated as Received under this definition only in 2024. | | --- | --- | | (p) | “Restatement<br> Date” means the earlier to occur of (i) the date the Board, a committee of the<br> Board, or officers of the Company authorized to take action if Board action is not required,<br> concludes, or reasonably should have concluded, that the Company is required to prepare an<br> Accounting Restatement, or (ii) the date a court, regulator, or other legally authorized<br> body directs the Company to prepare an Accounting Restatement. | | --- | --- | | (q) | “SEC”<br> means the U.S. Securities and Exchange Commission. | | --- | --- | | (r) | “Securities<br> Act” means the U.S. Securities Act of 1933, as amended. | | --- | --- | | (s) | “TSR”<br> means total shareholder return. | | --- | --- |

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