Beamr imaging ltd. announces pricing of $12 million public offering

Herzliya, israel, feb. 12, 2024 (globe newswire) -- beamr imaging ltd. (nasdaq: bmr) (“beamr” or the “company”), a leader in video optimization technology, today announced the pricing of an underwritten public offering of 1,714,200 ordinary shares. each ordinary share is being sold at a public offering price of $7.00 per share for gross proceeds of approximately $12 million, before deducting underwriting discounts and offering expenses. all of the ordinary shares are being offered by the company. in addition, beamr has granted the underwriters a 45-day option to purchase up to an additional 257,100 ordinary shares to cover over-allotments at the public offering price, less the underwriting discount.
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