ParaZero Technologies (PRZO) Announces $3.1 Million Registered Direct Offering

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ParaZero Technologies Ltd. Announces $3.1 Million Registered Direct Offering

February 12, 2025 9:00 AM EST

TEL AVIV, ISRAEL, Feb. 12, 2025 (GLOBE NEWSWIRE) --  ParaZero Technologies Ltd. (NASDAQ: PRZO) (the Company), an aerospace company focused on safety systems for commercial unmanned aircrafts and defense Counter UAS systems, today announced that it has entered into definitive agreements in a registered direct offering with institutional investors for the purchase and sale of approximately $3.1 million of ordinary shares and pre-funded warrants at a price of $1.10 per ordinary share.

The offering consisted of the sale of 2,818,182 ordinary shares (or pre-funded warrants) at a public offering price of $1.10 per... More