Israeli pipeline movement know-how developer Laminera Stream Optimization has filed for a $17 million preliminary public providing within the US market.
Laminera mentioned in a submitting that it plans to promote models, every unit consisting of one share plus per warrant to purchase one share. The quantity and value of the models to be supplied was not specified, however an hooked up one submitting charge schedule has indicated that it goals to boost as much as $17 million by the sale of models and one other $17 million by the train of warrants included within the models.
The corporate hopes to checklist its shares on the Nasdaq. Aegis Capital is serving as bookrunner for the transaction.
Based mostly in Israel, Laminera has developed a movement management system that may assist scale back the power prices related to transporting water, oil and fuel. The corporate plans to initially goal the water utility sector.
A growth-stage firm, Laminera reported a web lack of $137,000 and no income for 2021.
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