In addition, it was determined that Ambassador will allocate 1.5 million non-negotiable warrants without consideration. The warrants can be exercised for ordinary shares in a 1: 1 ratio and at an exercise price of NIS 25 per share.
The recruitment will enable the Ambassador to act to implement the Company’s growth strategy through mergers and acquisitions and to diversify the Ambassador Group’s sources of income.
David Michael, CEO of the Ambassador Group: “I am pleased to have completed the raising of capital from leading institutional entities that will allow us to grow through the integration of companies that are tangent to the group’s activities. Ambassador continues to advance and recently reported a strategic acquisition of Trefilog’s locator activity that will increase our clientele. And significant on the part of Talkar, Kia’s importer in Israel in the company held by GoTo at a value 50% higher than the value of the company at which the previous recruitment was made.
We will continue to work to bring value to our investing public. “
The offering was led by Barak Capital Underwriting Ltd.
To the company’s announcement in Maya