Published on 11/29/2006 in the Prospect News PIPE Daily.
New Issue: Ampal-American Israel secures $37.86 million from sale of stock
By Sheri Kasprzak
New York, Nov. 29 - Ampal-American Israel Corp. is gearing up to close a $37,863,577 private placement.
A group of institutional investors agreed to buy 8,142,705 class A shares at $4.65 each.
The investors will receive warrants for 4,071,352 shares, exercisable at $4.65 each for eight months.
Based in Tel Aviv, Israel, Ampal-American acquires interests in businesses in Israel.
| Issuer: | Ampal-American Israel Corp.
|
| Issue: | Class A shares
|
| Amount: | $37,863,577
|
| Shares: | 8,142,705
|
| Price: | $4.65
|
| Warrants: | For 4,071,352 shares
|
| Warrant expiration: | Eight months
|
| Warrant strike price: | $4.65
|
| Announcement date: | Nov. 29
|
| Stock symbol: | Nasdaq: AMPL
|
| Stock price: | $4.66 at close Nov. 29
|
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