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Stock impact report

TAT Technologies announces proposed private placement to Israeli institutional and accredited investors [Seeking Alpha]

TAT Technologies Ltd. - Ordinary Shares (TATT) 
US:NASDAQ Investor Relations: tat-technologies.com/contact-us.html
Company Research Source: Seeking Alpha
The company is expected to issue and sell to the investors an aggregate of 673,340 ordinary shares, for a purchase price of NIS 54.95 per share. The newly issued shares are expected to represent about 6.2% of the company's issued and outstanding ordinary shares after the consummation of such sale. The closing of the transaction is expected to be completed in September 2024. The company expects to receive net proceeds from the sale of the shares of approximately NIS 36.5 million and intends to use such proceeds for general corporate purposes. In addition, FIMI Israel Opportunity FIVE, Limited Partnership and FIMI Opportunity V, L.P., the company's largest shareholder, notified it that it received and accepted commitments from Israeli institutional and accredited investors to purchase from the FIMI Funds an aggregate of 2,349,706 ordinary shares, for a purchase price of NIS 54.95 per share. The company will not receive any proceeds. Recommended For You More Trending News Show less Read more
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