Nova Measuring Instruments Ltd. (NVMI) said that it has priced a follow-on public offering of 3.85 million ordinary shares at a price of $4.15 per ordinary share for gross proceeds of about $16.0 million. The company expects net proceeds, after underwriting discounts and commissions and estimated offering expenses payable by Nova, of approximately $14.7 million.
Also, the company has granted to Needham & Company, LLC, the sole book running manager and Roth Capital Partners, LLC, the co-manager, in connection with the offering, a 30-day over-allotment option to purchase up to an additional 577,500 of its ordinary shares to cover over-allotments, if any, which would result in additional net proceeds of about $2.2 million if exercised in full.
The company plans to use the net proceeds of the offering for working capital and for other general corporate purposes. The closing is expected to take place on or about February 9.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.