New Issue: LanOptics raises $14.4 million in private placement of shares

By Sheri Kasprzak

Atlanta, Nov. 24 - LanOptics Ltd. said Wednesday it sold $14,364,000 in a private placement of shares.

The company sold to institutional investors 1,368,000 shares at $10.50 each and warrants for 478,800 shares.

The warrants allow for an additional share at $15.50 each for five years.

Based in Yokneam, Israel, LanOptics produces semiconductors for high-speed network processors. The company plans to use the proceeds from the financing to support its EZchip technology and for general corporate purposes.

Issuer:	LanOptics Ltd.
Issue:	Stock and warrants
Amount:	$14,364,000
Shares:	1,368,000
Price:	$10.50
Warrants:	For 478,800 shares
Warrant expiration:	Five years
Warrant strike price:	$15.50
Settlement date:	Nov. 24
Stock price:	$12.83 at close Nov. 24

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