Cellebrite Shares Surge, Triggering Stock Issuance

Cellebrite DI (CLBT) has released an update.

Cellebrite DI Ltd. has announced a significant milestone, Triggering Event II, where the average price of its ordinary shares hit $15 for the required period, leading to the issuance of 5 million new ordinary shares to existing shareholders. Additionally, 3 million shares previously held by TWC Tech Holdings II, LLC have vested as part of this event. This event marks the second such occurrence, following a similar achievement announced last month.

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