BioLight will Invest Four Million NIS for Additional 5% of Micromedic

BioLight and Micromedic Technologies Inc. announced on additional investment of BioLight in Micromedic of 4M NIS at a price of 3.25 NIS per share.

The companies intend to start with the private placement of 1,230,769 Micromedic shares at a price of 3.25 per share for the total amount of 4 million NIS, according to the original investment agreement. Following the private placement, BioLight will hold about 26% of Micromedic fully diluted equity.

Link to complete article (Hebrew) 

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