MeaTech Broadcasts Begin of Preliminary U.S. Public Providing of U.S. Depository Shares and Nasdaq Itemizing

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NESS ZIONA, Israel, March 7, 2021 / PRNewswire / – MeaTech 3D Ltd. (“MeaTech”), a expertise firm targeted on the event and licensing of its proprietary three-dimensional printing expertise, biotechnology processes and customizable manufacturing processes to meals processing and retail corporations from meals merchandise in search of to fabricate protein with out the necessity for animal slaughter, right this moment introduced that it has begun advertising and marketing its preliminary U.S. public providing of 1,655,630 American Depositary Shares (“ADS”), every representing 10 of its bizarre shares, to the general public, to an preliminary public presumed providing worth of $ 15.10 by ADS, which relies on the most recent printed sale worth of MeaTech’s widespread inventory on the Tel Aviv Inventory Alternate of NIS 4.965, or $ 1.51, by motion on March 2, 2021. MeaTech additionally intends to grant the underwriter a 30-day choice to buy as much as 248,345 extra ADSs.

MeaTech has requested that its ADSs be listed on the Nasdaq Capital Market beneath the image “MITC”. MeaTech’s widespread inventory is listed on the Tel Aviv Inventory Alternate beneath the image “MEAT”.

HC Wainwright & Co. is appearing as sole accounting supervisor for the preliminary public providing.

MeaTech expects to obtain internet proceeds from this providing of roughly $ 21.9 million, or about $ 25.4 million if the subscriber workout routines their choice to buy extra ADSs in full, after deducting any subscription reductions and commissions and any estimated providing charges payable by MeaTech. MeaTech intends to make use of the web proceeds of this providing to advance its program of growing business applied sciences to fabricate different meals, together with potential acquisitions of different corporations whose applied sciences are complementary or synergistic to its personal, and for basic company functions, together with working capital necessities.

The proposed preliminary public providing is topic to market and different circumstances, and there will be no assurance whether or not or when the supply will be accomplished. The ultimate worth of the preliminary public providing and the ultimate variety of ADSs to be offered beneath the proposed preliminary public providing will probably be decided by means of negotiations between the Firm and HC Wainwright & Co.

The proposed preliminary public providing will solely be made by the use of a prospectus, forming a part of an efficient registration assertion. Copies of the preliminary prospectus regarding the providing could also be obtained freed from cost by visiting the SEC’s web site at www.sec.gov. Alternatively, digital copies of the preliminary prospectus, when obtainable, will be obtained from HC Wainwright & Co., LLC, 430 Park Avenue, third Flooring, New York, NY 10022, by telephone at (646) 975-6996, or by e-mail at [email protected].

A registration assertion relating to those securities has been filed with the SEC however has not but develop into efficient. These securities can’t be offered and affords to purchase can’t be accepted till the time when the registration assertion takes impact.

This press launch doesn’t represent a suggestion to promote or a solicitation of a suggestion to purchase such securities, and there will probably be no sale of such securities in any state or jurisdiction the place such a suggestion, solicitation or sale can be unlawful earlier than registration. or qualification beneath the securities legislation of any such state or jurisdiction.

About MeaTech

MeaTech (TASE: MEAT) was based in 2018 with the aim of growing proprietary three-dimensional printing expertise, biotechnology processes, and customizable manufacturing processes for meals processing and meals retail corporations in search of to make proteins with out the necessity for animal slaughter. MeaTech is growing a proprietary new three-dimensional bioprinter to deposit layers of differentiated stem cells, scaffolds and mobile vitamins right into a three-dimensional type of structured cultured meat, also known as “clear meat” or “cultured meat”.

Ahead-looking statements

This press launch incorporates forward-looking statements, together with with respect to the anticipated closing of the proposed preliminary public providing by MeaTech in the USA. These forward-looking statements are topic to a variety of dangers, uncertainties and assumptions, together with market and different circumstances and that the closing circumstances of the preliminary public providing is probably not met. MeaTech assumes no obligation to replace these forward-looking statements after the date hereof to adjust to precise outcomes or modifications in expectations, besides as required by legislation.

For extra info please contact:

Rainier Communications
Alan ryan
E-mail: [email protected]

SOURCE MeaTech 3D Ltd.



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