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Global Power Raises $4.8 Million in Public Offering

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Global Power Raises $4.8 Million in Public Offering

The Israel-based company develops water, energy, and waste infrastructure projects

Golan Hazani  :  2019-09-11T10:57:20..
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.
Tel Aviv Stock Exchange. Photo: Orel Cohen Tel Aviv Stock Exchange. Photo: Orel Cohen Tel Aviv Stock Exchange. Photo: Orel Cohen

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