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 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.