TAT Technologies Raises $10M in Private Placement

Tat Techno (TATT) has released an update.

TAT Technologies Ltd., an Israeli firm, has successfully completed a private placement, issuing 673,340 Ordinary Shares at approximately $15.03 each and raising around $10 million after expenses. The sale targeted Israeli institutional and accredited investors, with the shares not being registered in the U.S. and subject to certain transfer restrictions. The funds raised will contribute to the company’s financial growth, although this does not constitute an offer in any jurisdiction where it would be illegal.

For further insights into TATT stock, check out TipRanks’ Stock Analysis page.