Haikon raised NIS 60 million in a private placement of 21% of its shares

Haikon raised NIS 60 million in a private placement of 21% of its shares, following an offering to institutional investors.
Ikon (+ 0.37% 299.9), which develops digital systems for the production and embedding of high-speed folding and cutting lines of cardboard packaging, issued 21.8 million shares at a price of NIS 2.75 per share, and 10.9 million options without consideration.

The options can be exercised for shares until September 2023, at a price of NIS 3.1 per share. The fair value of the options is 29.4 cents per option according to the Black and Scholes formula, so that the shares were issued at an effective price that is 9% lower than the share price on February 20, and 13% below the price at the end of trading today (Wednesday).
The largest investors in the private placement were Clal Insurance (-0.82% 7300), which invested NIS 25 million and now holds 10% of the Yacon shares; Migdal (-1.09% 545), which invested NIS 15 million and holds 6.05% of the company; And the Yellin Lapidot Group (+ 2.25% 492.88), which invested NIS 9.2 million and holds 3.68% of the icon. The IPO was led by IBI operations. Other investors in the offering included Rakin Holdings, the LR Group, and the hedge funds Sifra, Vertical and Hatzavim