Kornit Digital announces the launch of an underwritten public offering of 4,340,000 ordinary shares.
Kornit Digital announces the launch of an underwritten public offering of 4,340,000 ordinary shares.

Kornit Announces Public Offering of Ordinary Shares


ROSH HA’AYIN, Israel—Kornit Digital announces the launch of an underwritten public offering of 4,340,000 ordinary shares at a price of $27.50 per share. The company plans to grant the underwriters a 30-day option to purchase up to an additional 651,000 ordinary shares. The offering is anticipated to close on June 18, subject to customary closing conditions.

Kornit intends to put the proceeds from the offerings toward acquisitions, including complementary businesses, technologies or assets, and general corporate purposes, including working capital and capital expenditures. There are not any known acquisitions or agreements in the works at this time.

Citigroup, Goldman Sachs & Co., and Barclays are acting as bookrunners and representatives of the underwriters for the offering, while Needham, Stifel, William Blair, and Craig Hallum are acting as co-managers.

The offering of these securities is being made under an effective shelf registration statement on file with the Securities and Exchange Commission (SEC).

Find more information on the offering here.

Got a news tip? Contact Alexandria Bruce