Ability Inc. Announces Closing of Stock Purchase Agreement
ABILITY INC ORDINARY SHARES (ABIL)
US:NASDAQ Investor Relations:
prnewswire.com/news-releases/ability-inc-reports-third-quarter-financial-results-300362843.html
Company Research
Source: GlobeNewswire
TEL AVIV, ISRAEL, Jan. 15, 2019 (GLOBE NEWSWIRE) -- Ability Inc. (NASDAQ: ABIL) (TASE: ABIL) ?(the “Company”), which provides innovative tactical communications intelligence solutions, today announced the closing of the previously announced Stock Purchase Agreement, pursuant to which the Company purchased all the issued and outstanding shares of Telcostar Pte. Ltd., the supplier that develops and licenses to the Company on an exclusive basis Ultimate Interception (ULIN), the Company’s principal cellular interception system. The closing resulted in the issuance by the Company of an aggregate of 354,609 ordinary shares of the Company, and the issuance of three warrants, each warrant exercisable for 100,000 ordinary shares of the Company at an exercise price of $3.807 per share, with the first warrant exercisable for 30 days from and after the first anniversary of the closing date, the second warrant exercisable for 30 days from and after the second anniversary of the
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