Gilat Announces Private Placement of US$66 Million to Institutional and Accredited Investors
Gilat Satellite Networks (NASDAQ: GILT) has announced a significant private placement of 7,058,820 Ordinary Shares to Israeli institutional and accredited investors at $9.35 per share. The offering price represents a 6.3% discount to the 7-day Volume Weighted Average Price (VWAP).
The private placement, expected to close in September 2025, will raise approximately $65.0 million in net proceeds after expenses. The newly issued shares will represent about 11% of Gilat's outstanding shares post-transaction. The company plans to use the proceeds for general corporate purposes.
The offering is being conducted exclusively in Israel and not to U.S. persons, under Regulation S of the Securities Act, with shares subject to transfer restrictions.
Gilat Satellite Networks (NASDAQ: GILT) ha annunciato un importante collocamento privato di 7.058.820 azioni ordinarie a investitori istituzionali e accreditati israeliani a $9,35 per azione. Il prezzo dell鈥檕fferta corrisponde a uno sconto del 6,3% rispetto al prezzo medio ponderato per il volume (VWAP) a 7 giorni.
Il collocamento privato, la cui chiusura 猫 prevista per settembre 2025, porter脿 a un ricavo netto di circa $65,0 milioni dopo oneri. Le nuove azioni emesse rappresenteranno circa il 11% del capitale sociale di Gilat dopo l鈥檕perazione. La societ脿 intende utilizzare i proventi per scopi aziendali generali.
L鈥檕fferta 猫 condotta esclusivamente in Israele e non 猫 rivolta a persone statunitensi, ai sensi del Regulation S del Securities Act, e le azioni saranno soggette a restrizioni di trasferimento.
Gilat Satellite Networks (NASDAQ: GILT) ha anunciado una colocaci贸n privada significativa de 7.058.820 acciones ordinarias a inversores institucionales y acreditados israel铆es a $9,35 por acci贸n. El precio de la oferta representa un descuento del 6,3% respecto al Precio Medio Ponderado por Volumen (VWAP) de 7 d铆as.
La colocaci贸n privada, que se espera cierre en septiembre de 2025, recaudar谩 aproximadamente $65,0 millones netos tras gastos. Las acciones nuevas representar谩n aproximadamente el 11% del capital en circulaci贸n de Gilat despu茅s de la transacci贸n. La compa帽铆a planea destinar los fondos a fines corporativos generales.
La oferta se realiza exclusivamente en Israel y no est谩 dirigida a personas de EE.聽UU., conforme al Regulation S del Securities Act, y las acciones estar谩n sujetas a restricciones de transferencia.
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Gilat Satellite Networks (NASDAQ: GILT) a annonc茅 un placement priv茅 important de 7 058 820 actions ordinaires aupr猫s d鈥檌nvestisseurs institutionnels et accr茅dit茅s isra茅liens au prix de 9,35 $ par action. Le prix d鈥檕ffre repr茅sente une d茅cote de 6,3 % par rapport au prix moyen pond茅r茅 par le volume (VWAP) sur 7 jours.
Le placement priv茅, dont la cl么ture est pr茅vue en septembre 2025, devrait g茅n茅rer environ 65,0 M$ de produit net apr猫s frais. Les actions nouvellement 茅mises repr茅senteront environ 11 % du capital social de Gilat apr猫s la transaction. La soci茅t茅 pr茅voit d鈥檜tiliser les fonds 脿 des fins g茅n茅rales d鈥檈ntreprise.
L鈥檕ffre est r茅alis茅e exclusivement en Isra毛l et ne s鈥檃dresse pas 脿 des personnes am茅ricaines, en vertu du Regulation S du Securities Act, et les actions seront soumises 脿 des restrictions de transfert.
Gilat Satellite Networks (NASDAQ: GILT) hat eine bedeutende Privatplatzierung von 7.058.820 Stammaktien an israelische institutionelle und akkreditierte Anleger zu $9,35 je Aktie angek眉ndigt. Der Angebotspreis entspricht einem Abschlag von 6,3% gegen眉ber dem 7-Tage-Volumen颅gewichteten Durchschnittspreis (VWAP).
Die Privatplatzierung, deren Abschluss f眉r September 2025 erwartet wird, wird nach Kosten voraussichtlich etwa $65,0 Mio. an Nettoerl枚sen einbringen. Die neu ausgegebenen Aktien werden nach der Transaktion rund 11% des ausstehenden Aktienkapitals von Gilat ausmachen. Das Unternehmen beabsichtigt, die Mittel f眉r allgemeine Unternehmenszwecke zu verwenden.
Das Angebot wird ausschlie脽lich in Israel durchgef眉hrt und richtet sich nicht an US-Personen, gem盲脽 Regulation S des Securities Act; die Aktien unterliegen 脺bertragungsbeschr盲nkungen.
- Expected to raise $65.0 million in net proceeds for general corporate purposes
- Successful placement with institutional and accredited investors indicates market confidence
- Transaction strengthens company's balance sheet for potential growth initiatives
- 11% dilution for existing shareholders
- 6.3% discount to 7-day VWAP indicates pricing pressure
- Shares subject to transfer restrictions may impact liquidity
Insights
Gilat's $66M private placement provides significant capital influx, strengthening balance sheet with minimal dilution for strategic growth initiatives.
Gilat Satellite Networks has secured a substantial
This capital raise will result in approximately
The timing is strategic, providing Gilat with additional financial flexibility in a challenging geopolitical environment. The company specifically mentions risks related to the ongoing conflicts between Israel and Hamas, Hezbollah, Iran, and the Houthi movement - circumstances that could potentially disrupt operations or create market uncertainty for Israeli companies.
While the company broadly indicates the funds will be used for "general corporate purposes," this typically signals potential investments in growth initiatives, R&D, working capital enhancements, or possibly positioning for strategic acquisitions. The transaction structure via Regulation S exemption limits participation to non-U.S. investors, likely simplifying regulatory requirements while still accessing significant capital.
PETAH TIKVA, Israel, Sept. 09, 2025 (GLOBE NEWSWIRE) -- Gilat Satellite Networks Ltd. (NASDAQ: GILT, TASE: GILT) (鈥淕ilat鈥� or the 鈥淐ompany鈥�), a worldwide leader in satellite networking technology, solutions and services, announced today that, following the approval of its Board of Directors, it has received and accepted commitments from Israeli institutional and accredited investors (as defined under Israel鈥檚 Securities Law, 5728-1968) (the 鈥淚nvestors鈥�), to participate in a private placement (the 鈥淧rivate Placement鈥�) of Ordinary Shares of the Company (鈥淥rdinary Shares鈥�).
The Company is expected to issue and sell to the Investors an aggregate of 7,058,820 Ordinary Shares (the 鈥淪hares鈥�), for a purchase price of US
The Company expects to receive net proceeds from the sale of the Shares, after deducting offering expenses, of approximately US
The Private Placement is being made in Israel only and not to U.S. persons, as defined in Rule 902 of the U.S. Securities Act of 1933, as amended (the 鈥淪ecurities Act鈥�), pursuant to a registration exemption afforded by Regulation S promulgated under the Securities Act, and the Shares will be subject to certain transfer restrictions. The Shares will not be registered under the Securities Act and will not be offered or sold in the United States without registration or applicable exemption from the registration requirements according to the Securities Act.
This press release does not constitute an offer to sell or the solicitation of an offer to buy or subscribe for any securities or a solicitation of any vote or approval nor shall there be any sale, issuance or transfer of securities in any jurisdiction in which such offer, solicitation, sale, issuance or transfer would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.
Legal Notice Regarding Forward-Looking Statements
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking statements generally relate to future events or our future financial or operating performance. Forward-looking statements in this press release include, but are not limited to, statements related to our expectations regarding the issuance and sale of the shares, the closing date of the transaction, and the Company鈥檚 intended use of the proceeds from the sale of the Shares. Our expectations and beliefs regarding these matters may not materialize, and actual results or events in the future are subject to risks and uncertainties that could cause actual results or events to differ materially from those projected, including, without limitation, as a result of the war and hostilities between Israel and Hamas, Hezbollah, Iran and the Houthi movement. The forward-looking statements contained in this press release are subject to other risks and uncertainties, including those more fully described in our filings with the Securities and Exchange Commission, including our Annual Report on Form 20-F filed with the Securities and Exchange Commission on March 27, 2025. The forward-looking statements in this press release are based on information available to the Company as of the date hereof, and the Company disclaims any obligation to update any forward-looking statements, except as required by law.
About Gilat
Gilat Satellite Networks Ltd. (NASDAQ: GILT, TASE: GILT) is a leading global provider of satellite-based broadband communications. With over 35 years of experience, we develop and deliver deep technology solutions for satellite, ground, and new space connectivity, offering next-generation solutions and services for critical connectivity across commercial and defense applications. We believe in the right of all people to be connected and are united in our resolution to provide communication solutions to all reaches of the world.
Together with our wholly owned subsidiaries, Gilat Wavestream, Gilat DataPath, and Gilat Stellar Blu, we offer integrated, high-value solutions supporting multi-orbit constellations, Very High Throughput Satellites (VHTS), and Software-Defined Satellites (SDS) via our Commercial and Defense Divisions. Our comprehensive portfolio is comprised of a cloud-based platform and modems, high-performance satellite terminals, advanced Satellite On-the-Move (SOTM) antennas and ESAs, highly efficient, high-power Solid State Power Amplifiers (SSPA) and Block Upconverters (BUC) and includes integrated ground systems for commercial and defense markets, field services, network management software, and cybersecurity services.
Gilat鈥檚 products and tailored solutions support multiple applications including government and defense, IFC and mobility, broadband access, cellular backhaul, enterprise, aerospace, broadcast, and critical infrastructure clients all while meeting the most stringent service level requirements. For more information, please visit: http://www.gilat.com
Contact:
Gilat Satellite Networks聽
Hagay Katz, Chief Product and Marketing Officer聽
Alliance Advisors:
Phone: +1 212 838 3777
FAQ
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