Kornit Announces Pricing of Initial Public Offering

ROSH-HA'AYIN, Israel, April 1, 2015 -- Kornit Digital Ltd., a company that develops, designs and markets innovative digital printing solutions for the global printed textile industry, today announced the pricing of its initial public offering of 7,100,000 ordinary shares at a price to the public of $10.00 per share. All of the shares are being offered by Kornit. In addition, Kornit has granted the underwriters a 30-day option to purchase up to an additional 1,065,000 ordinary shares to cover over-allotments, if any. The shares are expected to begin trading on the Nasdaq Global Market on April 2, 2015 under the ticker symbol "KRNT."

Barclays Capital Inc. and Citigroup Global Markets Inc. are acting as joint book-running managers and as representatives of the underwriters in the offering. William Blair & Company, L.L.C., Stifel, Canaccord Genuity Inc. and Needham & Company, LLC are acting as co-managers in the offering.

Published: 02 April 2015
Written by Editor
Nasdaq   Down on News   New Listing  
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Espial Wins 3rd Major Cable Operator for RDK and HTML5 solution

Espial powers rich, responsive and immersive viewing experience with G4 Client Software

OTTAWA, Ontario-- Transforming the viewing experience worldwide, Espial today announced that a major European cable operator - with over 1.5 million households connected to their cable network - has selected Espial's end-to-end RDK solution, including licensing Espial's G4 Client software for DVB/IP set-top boxes, user experience, and Espial's back-office service management platform. In addition, Espial Professional Services group has been retained as the master video systems integrator with responsibilities to integrate and deploy software and hardware elements of the operator's next generation video service. This represents the second major European cable operator to select Espial’s RDK and HTML5 based solution and systems integration services, and the third including Espial’s tier-1 North American customer.

Published: 30 March 2015
Written by Editor
TSX   New Product or Order   Up on News  
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oti Receives Favorable Patent Infringement Ruling Against T-Mobile

U.S. District Court Grants Summary Judgment of Infringement on oti's Standard-Essential NFC Patent

ROSH PINA, ISRAEL--(Mar 26, 2015) - On Track Innovations Ltd. (oti) (NASDAQ: OTIV), a global provider of near field communication (NFC) and cashless payment solutions, has received a favorable ruling by the U.S. District Court, Southern District of New York, that mobile phones sold by T-Mobile USA, Inc. which were enabled with NFC technology infringes oti's U.S. Patent No. 6,045,043.

In the publicly issued order, the court stated: "On Track Innovation's motion for summary judgment on infringement...is granted." This order means that at trial, T-Mobile will not be allowed to challenge infringement of the patent and the jury will be instructed that T-Mobile infringes the patent.

Published: 26 March 2015
Written by Editor
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Lexmark to Acquire Kofax

LEXINGTON, Ky. & IRVINE, Calif.-- Kofax Limited:

  • Lexmark International, Inc. (LXK) and Kofax Limited (NASDAQ and LSE: KFX) today announced that the two companies have entered into a merger agreement in which Lexmark will acquire Kofax. Under the terms of the merger agreement, Lexmark will acquire all of the outstanding shares of Kofax for $11.00 per share in cash for a total enterprise value of approximately $1 billion, net of cash acquired.
  • Lexmark will fund the acquisition with its non-U.S. cash on hand and its existing credit facility programs.
  • Kofax’s Board of Directors has unanimously recommended in favor of the merger agreement. Kofax shareholders, holding approximately 25 percent of the outstanding shares of Kofax, have signed a voting agreement committing to support the merger.
    Published: 25 March 2015
    Written by Editor
    Nasdaq   M & A   Up on News  
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Digital Ally, Inc. Announces 2014 Operating Results and Provides 2015 Guidance

Fourth Quarter Revenue Increases 55% to $5.4 Million vs. $3.5 Million in Prior-Year Period

LENEXA, KS--(Marketwired - Mar 23, 2015) - Digital Ally, Inc. (NASDAQ: DGLY), which develops, manufactures and markets advanced video surveillance products for law enforcement, homeland security and commercial applications, today announced its operating results for the quarter and full year ended December 31, 2014. An investor conference call is scheduled for 11:15 a.m. EDT tomorrow, March 24, 2015 (see details below).

The Company also provided preliminary financial guidance for the year ending December 31, 2015. Based upon information currently available, the Company believes that its 2015 revenue should increase to approximately $25 million and that operating income should approximate $2.5 million, absent any unanticipated non-recurring expenses.

Published: 24 March 2015
Written by Editor
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  2. NXT-ID Inc ( NXTD )
  3. UniPixel Inc ( UNXL )
  4. MIND CTI LTD ( MNDO )
  5. Benefitfocus Inc ( BNFT )

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