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RiT Technologies intends to price public offering of ordinary stock
Offering conducted to fund general corporate purposes, working capital
By Devika Patel
Knoxville, Tenn., Aug. 7 - RiT Technologies Ltd. will price a public offering of ordinary stock, according to a Form F-1 filed Wednesday with the Securities and Exchange Commission.
Aegis Capital Corp. is the bookrunner.
The deal has a 45-day greenshoe.
Proceeds will be used for general corporate purposes and working capital, primarily for sales and marketing efforts for Beamcaster and PatchView Plus products, research and development for Beamcaster, PatchView Plus and other products and strategic acquisitions and investments.
Based in Tel Aviv, Israel, RiT Technologies is a producer and supplier of infrastructure management and asset management solutions for improved control, utilization and maintenance of networks and datacenters.
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