Global Power Raises $4.8 Million in Public Offering

Israel-based GP Global Power Ltd. has raised NIS 17 million (approximately $4.79 million) in a public offering of 10% of its registered capital, the company announced in a filing to the Tel Aviv Stock Exchange Monday. The sale was made at a 50% premium on market price, and the issued shares were purchased by only three parties. The company develops water, energy, and waste infrastructure projects.