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Stock impact report

Ability Announces Pricing of $10 Million Offering

ABILITY INC ORDINARY SHARES (ABIL) 
Company Research Source: GlobeNewswire
TEL AVIV, ISRAEL, Nov. 23, 2018 (GLOBE NEWSWIRE) -- Ability Inc. (Nasdaq: ABIL) (TASE: ABIL) (“Ability” or the “Company”), which provides innovative tactical communications intelligence solutions, today announced the pricing of a 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 expects to receive aggregate 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 can only be purchased together in this offering, but will be issued separately and will be immediately separable upon issuance. The warrants will have a term of five years, be exercisable immediately and have an exercise price of $3.25 per ordinary share. H.C. Wainwright & Co. is acting as the exclusive placement agent Show less Read more
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