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Article: D-Medical files prospectus for secondary offering: D-Medical made an earlier unsuccessful attempt to make a second offering in July.
- Article from:
- Globes
- Article date:
- December 24, 2006
CopyrightCOPYRIGHT 2006 Globes. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Batya Feldman
Dec. 24--D-Medical Industries Ltd. (TASE: DMDC) (formerly Aryt Systems) has published a shelf prospectus for the raising of an undisclosed sum to be determined "by market conditions". In July, the company published a prospectus with the aim of raising $3-4 million in a secondary offering which never materialized. It appears as though the company is making a second attempt. D-Medical was acquired in 2004 by Zeev Bronfeld, Gal Erez, Eyal Sheratzky and Meni Mor, for $100,000. The company is currently worth NIS 45 million. Through the stock market shell, the investors, who also own Biocell (TASE: BCEL) and Biomedix Incubator Ltd. ...