Maris-Tech Ltd., an Israeli B2B provider of intelligent video transmission technology, closed its initial public offering IPO on the NASDAK. 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.
Maris-Tech Ltd. will trade under the ticker MTEK.
Maris-Tech is just one of a number of Israeli firm to go public in New York so far this year. Cybereason, an Israeli cyber security startup, is reportedly ready to go public and has confidentially filed its paperwork with the SEC. According to Reuters, Cybereason is said to be looking at a $5 billion valuation from an Initial Public Offering IPO on Wall Street. Israeli fintech startup Pagaya, ahead of its initial public offering IPO, has increased its private investment public equity (PIPE) financing in its upcoming SPAC merger with EJF Acquisition Corp to $350 million.
Founded in 2008 by CEO Israel Bar, Maris-Tech is a B2B provider of intelligent video transmission technology, founded by veterans of the Israel technology sector with extensive electrical engineering and imaging experience. Our products are designed to meet the growing demands of commercial and tactical applications, delivering high-performance, compact, low power and low latency solutions to companies worldwide, including leading electro-optical payload, RF datalink and unmanned platform manufacturers as well as defense, HLS, and communication companies.
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