Reported Earlier, TAT Technologies Secures $10M Through Private Placement with Israeli Investors
Portfolio Pulse from Benzinga Newsdesk
TAT Technologies Ltd. has secured $10 million through a private placement with Israeli investors, issuing 673,340 Ordinary Shares. The funds will be used for general corporate purposes.
September 03, 2024 | 7:16 am
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TAT Technologies has raised $10 million through a private placement with Israeli investors, issuing 673,340 Ordinary Shares. This move will increase the company's share count by approximately 6.2% and provide funds for general corporate purposes.
The private placement provides TAT Technologies with $10 million in funds, which can be used for general corporate purposes, potentially supporting growth or operational stability. The issuance of new shares increases the share count by 6.2%, which could dilute existing shares but also indicates investor confidence.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100