Maris-Tech Ltd (MTEK) stoke closed the recent trading session at $2.59, 17.78% lower than the previous trading session. During the last check, in pre-market, the stock price gained 9.27% to $2.83. The gain was a result of the company filing with the SEC.
Maris-Tech Ltd (MTEK) gives video transmission innovation to different companies. It revolves around offering its services for the protection and Homeland Security areas. Specifically, its foundation is intended to incorporate land, ocean, and aviation applications for social affair knowledge in different settings. The company was founded in 2008, headquartered in Ness Ziona, Israel.
Company Financials
As of December 2020, the total revenue of MTEK was reported to be $987,883. Diluted EPS was reported at -$0.10. The net income of the company is -$640,343.
Quarterly financial data for the company is not available, yet.
MTEK News
On February 1, 2022, MTEK announced the pricing of its initial public offering of 3.7 million common and pre-funded shares. Each share is being offered at the price of $4.20 per share. The gross proceeds of the shares are relied upon to be roughly $15.5 million before deducting the underwriting discount, commissions, and offering costs. The offering is relied upon to close on February 4, 2022, dependent upon fulfillment of customary closing conditions.
MTEK has allowed Aegis Capital Corp 45-day options to buy up to a such a number of extra common shares as well as pre-funded shares, equivalent to 15% of the number of shares sold in the offering exclusively to cover over-allocations.
As of now, there are no remarks by the Chief Executive Officer (CEO) of the company. Recent financial data is also not available.
