On Track Innovations plans to price public sale of ordinary stock

Northland will be the bookrunner; offering finances working capital

By Devika Patel

Knoxville, Tenn., Nov. 20 – On Track Innovations Ltd. plans to price a public offering of its ordinary stock, according to a preliminary prospectus supplement filed Thursday with the Securities and Exchange Commission.

Northland Capital Markets is the bookrunner.

Proceeds will be used for working capital and capital expenditures.

Based in Fort Lee, N.J., On Track makes microprocessor-based smart cards used for payment systems, homeland security, electronic passports and other services.

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