Chunumunu
Israel’s XJet (XJET), a 3D printing technology provider, has set terms for a proposed $10M US initial public offering.
XJet said in a filing that it is looking to offer 2M shares priced between $4 to $6 per share, which would raise around $10M if priced at the midpoint. Underwriters would be granted a 45-day option to buy up to 300K additional shares to cover over-allotments.
Aegis Capital is serving as sole bookrunner on the deal. XJet hopes to list its shares on Nasdaq under the symbol XJET.
Based in Israel, XJet’s proprietary NanoParticle Jetting technology is used to manufacture metal and ceramic parts. The company first filed for the IPO in April.
XJet has been operating in the red, reporting a net comprehensive loss of $17.6M on revenue of $6M for 2022, according to its filing.
More on Israeli IPOs:
XJet Ltd. Starts $8 Million U.S. IPO Plan
Israel’s Beamr stock rockets amid Nvidia product launch
Israeli drone company ParaZero upsizes proposed US IPO to $10M
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