Maris-Tech (MTEK) announced that it has entered into a securities purchase agreement with an institutional investor for the purchase and sale of 1,605,136 ordinary shares in a registered direct offering at a purchase price of $1.24 per ordinary share. The closing of the offering is expected to occur on or about March 9, subject to the satisfaction of customary closing conditions. The gross proceeds from the offering are expected to be approximately $2M before deducting offering expenses payable by the company.
Meet Samuel – Your Personal Investing Prophet
- Start a conversation with TipRanks’ trusted, data-backed investment intelligence
- Ask Samuel about stocks, your portfolio, or the market and get instant, personalized insights in seconds
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on MTEK:
- Maris-Tech receives production order from new customer
- Maris-Tech Wins First Major Production Order for Jupiter Drone Systems from Leading Loitering Munitions Maker
- Maris-Tech secures first production order from new customer
- Maris-Tech Wins U.S. Pilot Contract for AI-Driven Infantry Fighting Vehicle Upgrade
- Maris-Tech awarded pilot contract for IFV modernization program