Maris-tech ltd. announces closing of $17.8 million initial public offering with simultaneous exercise of the over-allotment

Rehovot, israel, feb. 04, 2022 (globe newswire) -- maris-tech ltd. (the “company”), a b2b provider of intelligent video transmission technology, today announced the closing of its initial public offering, and the simultaneous closing of a portion of the over-allotment option, for aggregate gross proceeds to the company of approximately $17.8 million, before deducting underwriting discounts and commissions and offering expenses. the company issued 3,690,477 common units at a public offering price per common unit of $4.20 and 10,000 pre-funded units at a public offering price per pre-funded unit of $4.199 in the offering and 65,247 ordinary shares, 543,571 common warrants and 478,324 pre-funded warrants to purchase one ordinary share pursuant to the exercise of the over-allotment option. each common unit consists of one ordinary share and one warrant to purchase one ordinary share, with an initial exercise price of $5.25 per share. each pre-funded unit consists of one pre-funded warrant to purchase one ordinary share, with an initial exercise price of $0.001 per share, and one warrant to purchase one ordinary share, with an initial exercise price of $5.25 per share.
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