Beamr imaging ltd. announces pricing of initial public offering

Herzeliya, israel, feb. 27, 2023 (globe newswire) -- beamr imaging ltd. (nasdaq: bmr) ("beamr" or the "company"), an innovator of video encoding, transcoding and optimization solutions that enable high quality, performance, and unmatched bitrate efficiency for video and images, today announced the pricing of its initial public offering of 1,950,000 ordinary shares at a public offering price of $4.00 per share, for aggregate gross proceeds of $7,800,000 prior to deducting underwriting discounts and other offering expenses. in addition, the company has granted the underwriters a 45-day option to purchase up to an additional 292,500 ordinary shares at the public offering price less discounts, to cover over-allotments.
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