Ann: Splitit obtains US$50 million commitment from Motive, page-261

Cayman Islands is an easy place to get and maintain company registration with minimal oversight. It also has negligible taxation rates, so is a magnet for many large corporations.
Despite being registered in the Cayman Islands the company will be subject to Israeli law, as it is now.
Possibly because Israel has high taxation rates.
Again, the Cayman Islands has a low taxation rate. Splitit will presumably continue to do business where it does, but the location of its registration is immaterial.

The positives to the new owners will be for them to explain, but are likely to be lower expenses and they believe that they will be able to achive either increased revenues, or as CD022 has said, they may use Splitit to leverage benefits for other businesses they may have. IMO those positives may not be available to SPT holders if they are locked out of the new deal with Motive.

The current structure has had minimal revenues compared to its expenses and has been moving toward being wiped out for as long as it has had no sales. Its revenues have consistantly been roughly one quarter of its significant expenses. The Board recently announced that the company would soon breach its loan covenants with Goldman Sachs, and that it would soon after become insolvent. IMO that is the best way of describing the current structure holding the business back.