Arotech announces plans to price public offering of its common stock

Deal conducted by B. Riley; proceeds fund general corporate purposes

By Devika Patel

Knoxville, Tenn., Sept. 12 - Arotech Corp. said it will conduct a public offering of stock. B. Riley & Co., LLC is the sole underwriter.

Proceeds will be used for capital expenditures and general corporate purposes, including working capital, reducing debt under the company's bank line of credit, research, development and product manufacturing, acquisitions or investments in complementary businesses, products or technologies.

Based in Ann Arbor, Mich., Arotech makes defense and security products for the military, law enforcement and homeland security sectors.

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