Ability Inc. Announces Registered Direct Offering
14 Agosto 2018 - 3:27PM
Ability Inc. (Nasdaq:ABIL), which provides advanced interception,
geolocation and cyber intelligence products and solutions to
intelligence agencies, military forces, law enforcement agencies
and homeland security agencies worldwide, today announced that it
has entered into definitive agreements with several institutional
investors for the purchase of 728,262 of its ordinary shares, at a
purchase price per share of $4.60, for gross proceeds of
approximately $3.35 million, in a registered direct offering. The
closing of the offering is expected to take place on or about
August 16, 2018, subject to the satisfaction of customary closing
conditions.
H.C. Wainwright & Co. is acting as the exclusive placement
agent for the offering.
Ability Inc. intends to use the net proceeds from this offering
for working capital and general corporate purposes.
The ordinary shares are being offered by Ability Inc. pursuant
to a “shelf” registration statement on Form F-3 that was filed on
July 23, 2018 and declared effective by the Securities and Exchange
Commission (“SEC”) on August 8, 2018 and the base prospectus
contained therein (File No. 333-226288). The offering of the
ordinary shares will be made only by means of a prospectus
supplement that forms a part of the registration statement.
A final prospectus supplement and accompanying base prospectus
relating to the ordinary shares being offered will be filed with
the SEC. Copies of the final prospectus supplement and accompanying
base prospectus may be obtained, when available, on the SEC’s
website at http://www.sec.gov or by contacting H.C. Wainwright
& Co., LLC at 430 Park Avenue, 3rd Floor, New York, NY 10022,
by phone at 646-975-6996 or e-mail at placements@hcwco.com.
This press release shall not constitute an offer to sell, or the
solicitation of an offer to buy, nor shall there be any sale of
these securities in any state or jurisdiction in which such an
offer, solicitation or sale would be unlawful prior to registration
or qualification under the securities laws of any such state or
jurisdiction.
About Ability Inc.
Ability Inc. is the sole owner of Ability Computer &
Software Industries Ltd. (“Ability”) and Ability Security Systems
Ltd.
Headquartered in Tel Aviv, Israel, Ability was founded in
1994. Ability provides advanced interception, geolocation and cyber
intelligence tools used by security and intelligence agencies,
military forces, law enforcement and homeland security agencies
worldwide. Ability has sold to governments and government agencies
in over 50 countries. Ability offers a broad range of lawful
interception, decryption, cyber and geolocation solutions for
cellular and satellite communication, including ULIN, or Ultimate
Interceptor, a SaaS strategic interception system with voice and
geolocation capabilities without geographic limitation.
State-of-the-art technology underpins Ability’s scalable offerings,
which can be tactical-and-portable, or strategic-and-fixed,
depending on its customers’ needs. Additional information regarding
Ability may be found at http://www.interceptors.com.
Safe Harbor Statement
Any statements contained in this press release
that do not describe historical facts may constitute
forward-looking statements as that term is defined in the Private
Securities Litigation Reform Act of 1995. Such forward-looking
statements include, among other thing, statements regarding the
offering, the expected gross proceeds, the expected use of proceeds
and the expected closing of the offering. Any forward-looking
statements contained herein are based on current expectations, but
are subject to a number of risks and uncertainties. The factors
that could cause actual future results to differ materially from
current expectations include, but are not limited to, risks and
uncertainties relating to the Company's ability to develop, market
and sell products based on its technology; the expected benefits
and efficacy of the Company's products and technology; the
availability of substantial additional funding for the Company to
continue its operations and to conduct research and development,
clinical studies and future product commercialization; and, the
Company's business, research, product development, regulatory
approval, marketing and distribution plans and strategies. These
and other factors are identified and described in more detail in
our filings with the SEC.
Grafico Azioni Ability (NASDAQ:ABIL)
Storico
Da Apr 2024 a Mag 2024
Grafico Azioni Ability (NASDAQ:ABIL)
Storico
Da Mag 2023 a Mag 2024