Kornit releases pricing of shares
Kornit Digital Ltd. announced the pricing of an upsized underwritten public offering of 4,078,210 ordinary shares at a price to the public of $56.50 per share.
Kornit first announced the launch of an underwritten public offering of ordinary shares on 14 September 2020.
Kornit is offering 2,388,268 ordinary shares and an affiliate of Amazon.com, Inc. (“Amazon”) is offering 1,689,942 ordinary shares.
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 has also granted the underwriters a 30-day option to purchase up to an additional 611,731 ordinary shares at the public offering price. The offering is expected to close on September 21, 2020, subject to customary closing conditions.