Aerodrome has taken advantage of a 51% increase in the share in 2021 and 1,214% since it merged with the stock market skeleton Apple: The company, which provides operation and training services for unmanned aerial vehicles, yesterday completed an issue of 7.7% of its shares for NIS 25 million – 3.5% for NIS 17.9 million.
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Harel Finance Mutual Funds Company purchased about half of the issue, 3.6%, for NIS 11.8 million, along with options for 1.6% shares that it can exercise for NIS 8.45 million, it was learned.Calcalist.
It was also learned that the rest of the shares were purchased by Noam Lanir, the company’s chairman Zion Sapir and director Ariel Ben Day, as well as the Hummingbird Fund, which invested about NIS 4 million. Its holdings last September at NIS 4.4 million, it also has about 2.5 million options, and their exercise will bring it to a holding of about 8%.
Capital market sources estimate that the raising will increase by several million shekels due to excess demand. Aerodrome allotted about 5.5 million shares at NIS 4.54 per share, a 15.7% discount on the price on January 7, when the allotment was approved. The exercise price is NIS 6.5 per option and constitutes a premium of 20.8% over the share price.
The recruitment is intended to complete acquisitions reported by the company, including SGC, which uses augmented reality for security training, for NIS 10 million; The deal included the allotment of Aerodrome shares for NIS 5 million to the sellers. The security activity and distribution rights to this market were also acquired by NPO, which developed software to improve performance in the production of military systems, for NIS 5 million.
Aerodrome revenues increased by 118% in the first half of 2020 to NIS 6.2 million compared to its counterpart. Expenses of NIS 9.1 million for registration for trading led to an operating loss of NIS 9.8 million in the first half of 2020, compared to NIS 559,000 at the same time.
Aerodrome is traded on the Tel Aviv Stock Exchange at a value of NIS 422.9 million. From the time it reported the allotment on January 7 (last Thursday) until the close of trading yesterday, its share rose 19.5% to a price of NIS 6.44, giving investors a profit rate of 41.8% on their investment, within three trading days.