August 29, 2013
Cimatron Limited (NASDAQ: CIMT), a leading provider of integrated CAD/CAM software solutions for the toolmaking and manufacturing industries, today announced that it has priced an underwritten public offering for an aggregate of 900,000 of its ordinary shares at a price to the public of
per share. Net proceeds to Cimatron from this offering are expected to be approximately
, after deducting underwriting discounts and commissions, and other estimated offering expenses payable by Cimatron.
Cimatron has 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 135,000 ordinary shares to cover over-allotments in connection with the offering.
The offering is expected to close on
Wednesday, September 4, 2013
, subject to customary closing conditions. Roth Capital Partners, LLC is acting as the sole manager for the offering.
The shares being offered by us are being offered 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
August 29, 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
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.