Productivity Network, which provides digital advertising solutions that sync between search platforms, social networks and content sites, is increasing its planned fundraising volume from $ 100 million to $ 156.5 million by issuing an additional 7,280,080 ordinary shares, at a price of $ 21.50 per share.
In addition, the underwriters were granted the right to purchase up to 1,092,012 additional ordinary shares 30 days from the date of issue, under the same conditions. The offering is expected to close on December 13, subject to compliance with the terms of the raising.
Ferion’s shares are traded on the Nasdaq Stock Exchange under the symbol PERI and on the Tel Aviv Stock Exchange under the symbol PERI.TA. Productivity intends to use the raising funds to increase working capital, finance the growth of its activities, including the realization of opportunities for mergers and acquisitions of companies that provide products, services and technologies that complement its activities; And for other purposes related to its activities.