ISELIN, N.J., Feb. 8, 2011 (GLOBE NEWSWIRE) -- On Track Innovations Ltd. (OTI) (Nasdaq:OTIV) today announced the closing of its recently announced firm commitment underwritten public offering of 6,000,000 ordinary shares, including shares issued pursuant to the underwriters over-allotment option, at a public offering price of $3.00 per share. The aggregate gross proceeds raised in the offering including from the exercise of the over-allotment option are $18 million (and about $16.5 million after underwriting discounts and commissions and estimated offering expenses payable by OTI).
On Track Innovations (OTI) Announces Closing Of Public Offering Of Ordinary Shares
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