By Sheri Kasprzak
New York, Jan. 30 - NUR Macroprinters Ltd. closed a private placement for $3,836,872.
The company sold 7,105,320 shares at $0.54 each.
The investors received warrants for 2,131,596 shares, exercisable at $0.65 each for five years.
Meitav Underwriting Ltd. was the placement agent.
The offering allows for follow-on investments for up to $2.5 million under the same terms.
Proceeds will be used for an expected increase in manufacturing volumes in 2007.
Based in Lod, Israel, NUR supplies wide-format inkjet production printing systems used in out-of-home advertising.
| Issuer: | NUR Macroprinters Ltd.
|
| Issue: | Stock
|
| Amount: | $3,836,872
|
| Shares: | 7,105,320
|
| Price: | $0.54
|
| Warrants: | For 2,131,596 shares
|
| Warrant expiration: | Five years
|
| Warrant strike price: | $0.65
|
| Placement agent: | Meitav Underwriting Ltd.
|
| Settlement date: | Jan. 30
|
| Stock symbol: | Pink Sheets: NURMF
|
| Stock price: | $0.55 at close Jan. 29
|
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