March 21, 2013
Cimatron Limited (NASDAQ and TASE: CIMT), a leading provider of integrated CAD/CAM software solutions for the toolmaking and manufacturing industries, today announced that certain of its shareholders have priced an underwritten public offering for an aggregate of 2,500,000 of its ordinary shares at a price to the public of
per share. The selling shareholders have also granted to the underwriter a 30-day option to purchase, at the same price per share as the underwriters will pay for the initial shares, an additional 375,000 ordinary shares to cover over-allotments in connection with the offering. Cimatron will not receive any proceeds from the sale of the ordinary shares by the selling shareholders.
The offering is expected to close on
Tuesday, March 26, 2013
, subject to customary closing conditions. Roth Capital Partners, LLC is acting as the sole underwriter for the offering.
The shares described above are being offered by the selling shareholders pursuant to a registration statement previously filed with and subsequently declared effective by the Securities and Exchange Commission. A preliminary prospectus supplement relating to the offering was filed with the SEC on
March 20, 2013
and is available on the SEC's website at
. A final prospectus supplement relating to the offering will be filed with the SEC and will be available on the SEC's website at
. Copies of the prospectus supplement and accompanying base prospectus relating to this offering may be obtained, when available, from Roth Capital Partners, LLC, 888 San Clemente Drive,
Newport Beach, CA
Yossi Ben Shalom
, Cimatron's Chairman of the Board, commented, "This offering marks an important step for Cimatron, as we believe it will provide us with an increased public shareholder float and increased liquidity for our shares. In addition, we believe it will bring us long-term and reputable shareholders as well as increased Wall Street following and coverage. I stress that DBSI remains the largest and a committed shareholder, very supportive of the Company and its plans for growth and development."
This press release shall not constitute an offer to sell or a solicitation of an offer to buy any of the securities described herein, nor shall there by any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction.