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Stock impact report

Ability Announces Closing of $10 Million Offering

ABILITY INC ORDINARY SHARES (ABIL) 
Company Research Source: GlobeNewswire
TEL AVIV, ISRAEL, Nov. 28, 2018 (GLOBE NEWSWIRE) -- Ability Inc. (Nasdaq: ABIL) (TASE: ABIL) (“Ability” or the “Company”), which provides innovative tactical communications intelligence solutions, announced the closing of a previously announced registered offering of 3,076,923 units, at a price of $3.25 per unit, to a single institutional purchaser. Each unit consists of (i) one ordinary share (or ordinary share equivalent), and (ii) a warrant to purchase one ordinary share. Ability received gross proceeds of approximately $10 million from the offering. The ordinary shares (or the ordinary share equivalents) and the accompanying warrants included in the units were purchased together in this offering, but were issued separately and were immediately separable upon issuance. The warrants have a term of five years, are exercisable immediately and have an exercise price of $3.25 per ordinary share. H.C. Wainwright & Co. acted as the exclusive placement agent for the offering.   Show less Read more
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