trending Market Intelligence /marketintelligence/en/news-insights/trending/00l2nvqsw69st_3bbbdukg2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us
In This List

Israel's Harel Insurance invests in tech company

Infrastructure Issues: Tools to Dig Deep on Potential Risks

Gauging Supply Chain Risk In Volatile Times

The Commercial Real Estate (CRE) Sector Feels the Impact of the Coronavirus

Part Two IFRS 9 Blog Series: The Need to Upgrade Analytical Tools

Israel's Harel Insurance invests in tech company

Israel-based Harel Insurance invested US$5.5 million in technology company Foresight Autonomous Holdings Ltd. through a private placement.

Harel Insurance will hold approximately 8.15% of Foresight's issued share capital. Under the terms of the private placement, Foresight will issue 9,756,097 ordinary shares priced at about 56 cents each. The technology company will also issue warrants to purchase the same number of ordinary shares at an exercise price of 80 cents apiece, exercisable over 24 months.

The private placement was priced at a minimum discount compared to the market price. The issued ordinary shares will be restricted for a period of six months under Israeli securities laws.