Kornit Digital Prices Equity Offering By Company, Amazon Affiliate At 2.6% Discount

November 19, 2021 7:18 AM | 1 min read |

Kornit Digital Ltd. KRNT priced an upsized public offering of ~2.65 million ordinary shares at $151.00 per share. The offering price represents a ~2.6% discount to the company's November 18 closing price of $155.
Kornit is offering 1.94 million ordinary shares, and an affiliate of Amazon.com, Inc. AMZN is offering 0.70 million ordinary shares. Kornit will not receive any of the proceeds from the offering by Amazon affiliate.
The company has granted the underwriters a 30-day option to purchase up to 0.39 million ordinary shares.
The offering is expected to close on November 23, 2021.
Kornit intends to use the proceeds for future acquisitions, including complementary businesses, technologies, or assets, and general corporate purposes.
Price Action: KRNT shares closed higher by 5.62% at $155.01 on Thursday.