Video transmission technology provider Maris-Tech Ltd. (Nasdaq: MTEK) started trading on the Nasdaq Capital Market today. The Israel-based firm aims to raise US$15.5 million in its debut on the US big board.
The offering consisted of 3,700,477 common and pre-funded units. Each common unit is being offered at US$4.20 per unit and consists of one common share and one purchase warrant exercisable for US$5.25 per share. Each pre-funded unit is being offered at US$4.199 per unit and consists of one purchase warrant exercisable for US$0.001 per share and another purchase warrant exercisable for US$5.25 per share.
Aegis Capital Corp. serves as the sole bookrunner for the said offering. The underwriter was given a 45-day over-allotment option to purchase up to an additional 15% of the offering size.
The Israeli company’s B2B services range from drones and space solutions to homeland security and defense systems.
Information for this briefing was found via Edgar and the companies mentioned. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.
