By Sheri Kasprzak
New York, Feb. 12 - NUR Macroprinters Ltd. settled a follow-on private placement of its stock for $2.5 million. The recent offering brings to $6,336,872 the total proceeds raised from the offering.
Most recently, NUR sold 4,629,630 shares at $0.54 each.
The investors also received warrants for 1,388,889 shares, exercisable at $0.65 each for five years.
On Jan. 30, NUR sold 7,105,320 shares at the same price and issued warrants for 2,131,596 shares.
Meitav Underwriting Ltd. was the placement agent.
Proceeds will be used for an expected increase in manufacturing volumes in 2007.
Based in Lod, Israel, NUR supplies wide-format inkjet production printers used in out-of-home advertising materials.
| Issuer: | NUR Macroprinters Ltd.
|
| Issue: | Stock
|
| Amount: | $2.5 million
|
| Shares: | 4,629,630
|
| Price: | $0.54
|
| Warrants: | For 1,388,889 shares
|
| Warrant expiration: | Five years
|
| Warrant strike price: | $0.65
|
| Placement agent: | Meitav Underwriting Ltd.
|
| Settlement date: | Feb. 12
|
| Stock symbol: | Pink Sheets: NURMF
|
| Stock price: | $0.60 at close Feb. 9
|
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