Kornit Digital Ltd. announced the launch of an underwritten public offering of 3,600,000 ordinary shares, 2,000,000 of which are being offered by Kornit and 1,600,000 of which are being offered by an affiliate of Amazon.com, Inc..
Kornit will not receive any of the proceeds from the sale of shares being offered by Amazon. The shares being sold by an affiliate of Amazon are being issued pursuant to the exercise of a warrant granted to Amazon by Kornit. Kornit intends to grant the underwriters a 30-day option to purchase up to an additional 540,000 ordinary shares.
Kornit intends to use the proceeds from the offering for future potential acquisitions, including complementary businesses, technologies or assets, and for general corporate purposes, including working capital and capital expenditures. Kornit has no agreements or understandings with respect to any acquisition or investment at this time.