Published on 4/28/2006 in the Prospect News PIPE Daily.
New Issue: Camtek raises $15 million from private placement of stock
By Sheri Kasprzak
New York, April 28 - Camtek Ltd. said it has completed a $15 million private placement of shares.
A group of Israeli institutional investors agreed to buy 2,525,252 shares at $5.94 each.
The investors received warrants for 1,262,626 shares, exercisable at $6.83 each for four years.
Located in Migdal Ha'Emek, Israel, Camtek develops optical inspection systems used by manufacturers of printed circuit boards.
Issuer: | Camtek Ltd.
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Issue: | Stock
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Amount: | $15 million
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Shares: | 2,525,252
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Price: | $5.94
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Warrants: | For 1,262,626 shares
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Warrant expiration: | Four years
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Warrant strike price: | $6.83
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Settlement date: | April 28
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Stock symbol: | Nasdaq: CAMT
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Stock price: | $5.86 at close April 28
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