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MeaTech 3D Ltd. (MITC) Prices 1.86M ADS Offering at $3.50/sh

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MeaTech 3D Ltd. Announces $6.5 Million Registered Direct Offering

June 30, 2022 8:30 AM EDT

REHOVOT, Israel, June 30, 2022 /PRNewswire/ -- MeaTech 3D Ltd. (NASDAQ: MITC) ("MeaTech"), an international deep-tech food company at the forefront of the cultured meat industry, today announced that it has entered into a definitive agreement with a single U.S. institutional investor for the purchase and sale of 1,857,143 American Depositary Shares, (or American Depositary Share equivalents in lieu thereof) and warrants to purchase 1,857,143 American Depositary Shares at a purchase price per ADS (and accompanying warrant) of $3.50, pursuant to a... More