Company sells 232,138 ordinary shares at $2.406 per share in offering
By Devika Patel
Knoxville, Tenn., June 11 – B.O.S. Better Online Solutions Ltd. said it will raise $558,524 in a private placement of stock.
The company will sell 232,138 ordinary shares at $2.406, a 6.02% discount to the closing share price of $2.56 on June 11.
Investors include president, chief executive officer and chief financial officer Yuval Viner and YA Global Master SPV Ltd.
Proceeds will be used to reduce debt and generate growth, possibly through acquisitions.
Based in Rishon Lezion, Israel, BOS Better Online Solutions is a provider of RFID and supply chain solutions to global enterprises.
| Issuer: | B.O.S. Better Online Solutions Ltd.
|
| Issue: | Ordinary stock
|
| Amount: | $558,524
|
| Shares: | 232,138
|
| Price: | $2.406
|
| Warrants: | No
|
| Investors: | Yuval Viner and YA Global Master SPV Ltd.
|
| Pricing date: | June 11
|
| Stock symbol: | Nasdaq: BOSC
|
| Stock price: | $2.56 at close June 11
|
| Market capitalization: | $4.7 million
|
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