Eltek Ltd a global manufacturer and supplier of technologically advanced solutions in the field of printed circuit boards, has issued a public offering of shares, generating USD10 million. Carter Ledyard & Milburn, led by partners Steven J. Glusband and Guy Ben-Ami, acted as U.S. counsel for Eltek, with Amit, Pollak, Matalon acting as Israeli counsel.
Author: Idan Nishlis
Beamr Imaging Ltd. (Nasdaq: BMR) has concluded its public offering of shares, resulting in USD13.8 million in gross proceeds. Beamr is a world leader in content adaptive video and plans to allocate the net proceeds towards R&D, sales and marketing, general corporate and more. Leading the transaction on behalf of GT’s Cross-office Capital Markets team […]
Pagaya Technologies, a global technology company delivering AI-driven product solutions for the financial ecosystem, has received a USD280 million credit facility, comprising a USD255 million term loan and a USD25 million revolver to provide capital and liquidity needed to support Pagaya’s future growth. Arnon, Tadmor-Levy served as Israeli counsel to the lenders led by BlackRock […]
Israeli insurance giant, Clal Insurance will invest in the energy branch of Mivtach Shamir, at a valuation of NIS 1.5 billion. The scope of the insurance company’s investment will be NIS 306 million and it will receive 20% of the energy arm of the company controlled by Meir Shamir. The money will be used by […]
The US Securities and Exchange Commission (SEC) recently approved the applications of 11 asset and investment management firms to launch exchange-traded funds (ETFs) that track bitcoin on the spot market. This event heralds significant integration of the evolving cryptocurrency sector into the traditional financial system. The approval of the spot bitcoin ETFs makes it easier […]
Through their partnership, Meitar will leverage Harvey’s advanced AI platform, which uses state-of-the-art large language models and machine learning, to drive efficiency and client value. Meitar attorneys will use Harvey for legal functions such as contract review, due diligence, document creation, research and regulatory compliance. Meitar is the first law firm in Israel to partner […]
In the Spotlight What are the primary strategic objectives for the Israel-focused legal team in the upcoming year, and how do they align with the overall goals of the global law firm? The horrific events of October 7th, amidst the ongoing recovery from COVID-19 and the upward global surge in antisemitism and anti-Zionism, managing an Israel […]
Moody’s has cut Israel’s credit rating from A1 to A2, largely due to the effects of the war. The international ratings agency has also lowered Israel’s outlook from stable to negative and sees a possible further downgrade in the future. In effect, Moody’s has taken the most drastic rating action possible, surprising even the most […]
There was a bright spot of business news in January when Calcalist reported that over USD473 million were raised by Israeli startups across 17 deals during the first month of the year. This is a 75% increase compared to the USD270 million raised by startups in January 2023. Of the 17 deals, almost half (8) […]
Link11 GmbH has acquired Reblaze Technologies, a leading provider of cloud-native web application and API protection (WAAP) that now become part of the LINK11 Group. This strategic move strengthens Link11’s position as an international security cloud platform, significantly enhancing its market presence in network security, web protection, and web performance. Link11 is a specialized international […]
