Save Foods Prices Public Offering Of 1.60 Mln Shares At $3.00/shr

(RTTNews) - Save Foods Inc. (SVFD), 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, said that it has priced a public offering of 1.60 million 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.

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.