According to FUNDER website data,
6 mutual funds hold shares in IDD. In the amount of 550.75 thousand shekels
Below are all the funds that hold the stock
The following is a change in the holdings of the mutual funds in the share of IDD. According to FUNDER-MVF data
ALD Company, Trading on the Tel Aviv Stock Exchange, it reported that it has signed a binding agreement to merge operations with HUB Security worth $ 145.3 million after the money.
According to the company’s announcement, the agreement was signed between IDD, and the parent company Security and its shareholders, according to which the parent will be merged into IDD and become a wholly owned subsidiary of the company. The transaction will be made at a total value after the merger of $ 145.3 million and the holding rate of HUB shareholders in the company after the allotment is expected to be approximately 51% without full dilution.
As reported, the company plans to raise about $ 50 million from investors who have expressed interest in investing and injecting funds in favor of the company’s operations in the amount of about $ 40 million. According to a preliminary estimate obtained from the parent shareholders, during the twelve months from the date of completion of the merger, the company intends to invest in global marketing as well as in research and development of an estimated US $ 20 million, aimed at significantly increasing corporate clients worldwide.
HUB has an advanced encrypted computing solution for companies and organizations that aims to prevent hostile intrusion and protect sensitive commercial information. The company was established in 2017 by veterans of elite intelligence units in the IDF and employs about 25 people. Both companies believe that there is a synergistic connection between the technological innovation of the cyber company, and the significant customer base and the developed local and international sales infrastructure of ALD.
In the Company’s opinion, all appendices to the agreement are expected to be completed by the date of publication of a general meeting report that the Company intends to publish in the next two weeks, which will include a description of all issues that are expected to be included in the current agreement.