Maris-Tech raises $2 million in registered direct offering

Maris-Tech Ltd. (NASDAQ: MTEK, MTEKW) announced it entered into a securities purchase agreement with an institutional investor for a registered direct offering of 1,605,136 ordinary shares at $1.24 per share.

The Israeli video and artificial intelligence edge computing technology company expects to raise approximately $2.0 million in gross proceeds before deducting offering expenses. The closing is expected to occur on or about March 9, 2026, subject to customary closing conditions.

Maris-Tech intends to use the net proceeds for working capital and general corporate purposes, according to the company's statement.

The offering will be conducted under an effective shelf registration statement on Form F-3 that was previously filed with the U.S. Securities and Exchange Commission and declared effective on March 16, 2023. The company will file a prospectus supplement describing the offering terms with the SEC.

The securities may include pre-funded warrants to purchase ordinary shares in lieu of ordinary shares for certain investors.

Maris-Tech develops video transmission solutions and edge computing products for defense, aerospace, intelligence gathering, homeland security, and communication industries.

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