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Slideshow Secondary Stock Offerings

By The Online Investor Staff, updated Tue., Dec. 11, 7:32 PM

Slide #12. Kornit Digital Ltd. Secondary Offering

Company: Kornit Digital Ltd. (NASDAQ:KRNT)
Date announced: 12/3/2018
Shares Offered: 3,132,481
Date of Pricing: 12/4/2018
Price Per Share: $20.50
Secondary Offering Details: Kornit Digital Ltd. (NASDAQ: KRNT), a company that develops, designs and markets innovative digital printing solutions for the global printed textile industry, announced today the launch of an underwritten secondary public offering of 3,132,481 ordinary shares by Fortissimo Capital Fund II (Israel) L.P. ("Fortissimo"). The company will not receive any of the proceeds from the sale of the ordinary shares. -updated 12/4- Kornit Digital Ltd. (NASDAQ: KRNT), a company that develops, designs and markets innovative digital printing solutions for the global printed textile industry, announced today the pricing of an underwritten secondary public offering of 3,132,481 ordinary shares by Fortissimo Capital Fund II (Israel) L.P. ("Fortissimo") at a price to the public of $20.50 per share. The company will not receive any of the proceeds from the sale of the ordinary shares.

Kornit Digital develops, designs and markets digital printing solutions for the global printed textile industry. Co. focuses on the high throughput, direct-to-garment (DTG) and roll-to-roll segments of the printed textile industry. Co.'s solutions include its proprietary digital printing systems, ink and other consumables, associated software and services that allow for printing of short runs of images and designs directly on finished garments and fabrics. Co.'s DTG systems utilize its patented wet-on-wet printing methodology that involves spraying a wetting solution on the fabric, which enables printing on a range of fabrics, including cotton, wool, polyester, lycra and denim.
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Company Name:  Kornit Digital Ltd
Website:  www.kornit.com
Sector:  Industrial Machinery & Equipment
Number of ETFs Holding KRNT:  5
Total Market Value Held by ETFs:  $5.62M
Total Market Capitalization:  $637.00M
% of Market Cap. Held by ETFs:  0.88%
 

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December 11, 2018    7:32 PM Eastern
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Buy (3.40 out of 4)
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