Sign In  |  Register  |  About Santa Clara  |  Contact Us

Santa Clara, CA
September 01, 2020 1:39pm
7-Day Forecast | Traffic
  • Search Hotels in Santa Clara

  • CHECK-IN:
  • CHECK-OUT:
  • ROOMS:

InvestorNewsBreaks — Save Foods Inc. (NASDAQ: SVFD) Announces Proposed Underwritten Public Offering at $3 Per Share

Save Foods (NASDAQ: SVFD), an agrifood tech company specializing in ecocrop protection designed to reduce food waste and ensure food safety while reducing the use of pesticides, intends to sell shares of its common stock in a proposed public offering. According to the announcement, all of the shares of the common stock will be sold by SVFD, with ThinkEquity acting as sole book-running manager for the offering. SVFD has announced the pricing of the public offering, which will be comprised of 1,600,000 shares of common stock, at $3 per share. The company anticipates the public offering to result in $4.8 million in gross proceeds, before deducting standard underwriting discounts and offering expenses. The offering is expected to close on Aug. 18, 2022, and will be subject to customary closing conditions. In addition, the company anticipates granting the underwriters a 45-day option to purchase an additional 15% of the number of shares of common stock sold in this offering, which will cover any overallotments. The announcement noted that the offering will be subject to market conditions.

To view the full press releases, visit https://ibn.fm/bKkfc and https://ibn.fm/GT0fu

About Save Foods Inc.

Save Foods is an innovative, dynamic company addressing two of the most significant challenges in the agrifood tech industry: food waste and loss and food safety. The company is dedicated to delivering integrated solutions for improved safety, freshness and quality, every step of the way from field to fork. Collaborating closely with its customers, Save Foods develops new solutions that benefit the entire supply chain and improve the safety and quality of life of both workers and consumers alike. SVFD’s initial applications are in post-harvest treatments in fruit and vegetable packing houses that process produce such as citrus, avocado, pears, apples and mangos. For more information about the company, visit www.SaveFoods.co.

NOTE TO INVESTORS: The latest news and updates relating to SVFD are available in the company’s newsroom at https://ibn.fm/SVFD

About InvestorWire

InvestorWire is the wire service that gives you more. From regional releases to global announcements presented in multiple languages, we offer the wire-grade dissemination products you’ll need to ensure that your next press release grabs the attention of your target audience and doesn’t let go. While our competitors look to nickel and dime you with hidden fees and restrictive word limits, InvestorWire keeps things transparent.

As part of its service, InvestorWire provides coverage of noteworthy announcements. To further expand visibility of achievements being made throughout a multitude of sectors, InvestorWire’s syndication partners have extended the digital coverage to include individual broadcasts on financial websites and platforms visited by millions of investors daily.

For more information, please visit https://www.InvestorWire.com

Please see full terms of use and disclaimers on the InvestorBrandNetwork website applicable to all content provided by IBN, wherever published or re-published: http://ibn.fm/Disclaimer

InvestorWire (IW)
8033 Sunset Blvd Suite 1037-IW
Los Angeles, CA 90046
310.299.1717 Office
www.InvestorWire.com
Editor@InvestorWire.com

InvestorWire is part of the InvestorBrandNetwork.

Data & News supplied by www.cloudquote.io
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.
 
 
Copyright © 2010-2020 SantaClara.com & California Media Partners, LLC. All rights reserved.