Neve Yarak, Israel, Aug. 15, 2022 (GLOBE NEWSWIRE) — Save Foods, Inc. (Nasdaq: SVFD) (“Save Foods” or the “Company”), an agri-food tech company specializing in eco crop protection that helps to reduce food waste and ensure food safety while reducing the use of pesticides, today announced the pricing of a public offering of 1,600,000 shares of Common Stock at a public offering price of $3.00 per share, for gross proceeds of $4.8 million, before deducting underwriting discounts and offering expenses. The offering is expected to close on August 18, 2022, subject to satisfaction of customary closing conditions.
The underwriters have been granted a 45-day option to purchase up to 240,000 additional shares of Common Stock from Save Foods, exercisable in whole or in part, solely to cover over-allotments, at the public offering price less the underwriting discount.
ThinkEquity is acting as sole book-running manager for the offering.
The securities will be offered and sold pursuant to a shelf registration statement on Form S-3 (File No. 333-266159), including a base prospectus, filed with the U.S. Securities and Exchange Commission (the “SEC”) on July 15, 2022, and declared effective on July 22, 2022. The offering will be made only by means of a written prospectus. A prospectus supplement and accompanying prospectus describing the terms of the offering will be filed with the SEC on its website at www.sec.gov. Copies of the prospectus supplement and the…
