Gilat Announces Private Placement of US$66 Million to Institutional and Accredited Investors
1. Gilat plans to issue 7.05 million new shares at $9.35 each. 2. This represents an 11% increase in total shares outstanding post-sale. 3. Expected proceeds from the sale are around $65 million for corporate use. 4. The private placement is exclusively for Israeli investors. 5. Investor commitment comes amidst ongoing regional tensions affecting performance.