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ParaZero Technologies Ltd. ( (PRZO) ) has shared an announcement.
On February 12, 2025, ParaZero Technologies Ltd. announced a securities purchase agreement with investors for a registered direct offering of approximately $3.1 million. The offering includes the sale of ordinary shares and pre-funded warrants, with an expected closure on February 13, 2025. The proceeds will be used for general corporate purposes and working capital. Aegis Capital Corp. acted as the exclusive placement agent, receiving a placement fee and legal disbursements. This development is part of ParaZero’s strategy to bolster its financial standing and operational capacity in the aerospace safety systems sector, potentially strengthening its market presence.
More about ParaZero Technologies Ltd.
ParaZero Technologies Ltd. is a leading developer of autonomous parachute safety systems technologies for commercial and military platforms, as well as urban air mobility (UAM) aircraft. Founded in 2014 by aviation professionals and drone industry veterans, the company focuses on enabling safe flight operations over populated areas and beyond-visual-line-of-sight (BVLOS), along with military applications including Counter UAS systems.
YTD Price Performance: -37.44%
Average Trading Volume: 9,215,694
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: $14.73M
For detailed information about PRZO stock, go to TipRanks’ Stock Analysis page.
