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Kornit Announces Launch of Secondary Public Offering of Ordinary Shares

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Kornit Digital Ltd. (NASDAQ:KRNT), a company that develops, designs and markets innovative digital printing solutions for the global printed textile industry, announced today the launch of an underwritten secondary public offering of 4,250,000 ordinary shares by the company’s largest shareholder, Fortissimo Capital Fund II (Israel) L.P. (“Fortissimo”). Fortissimo has also granted the underwriters a 30-day option to purchase up to an additional 637,500 ordinary shares. The company will not receive any of the proceeds from the sale of the ordinary shares.

 

Kornit Digital Ltd. (NASDAQ:KRNT), a company that develops, designs and markets innovative digital printing solutions for the global printed textile industry, announced today the launch of an underwritten secondary public offering of 4,250,000 ordinary shares by the company’s largest shareholder, Fortissimo Capital Fund II (Israel) L.P. (“Fortissimo”). Fortissimo has also granted the underwriters a 30-day option to purchase up to an additional 637,500 ordinary shares. The company will not receive any of the proceeds from the sale of the ordinary shares.

 

Barclays and Citigroup are acting as joint bookrunners for this offering.

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The offering will be made only by means of a prospectus supplement and the accompanying prospectus. When available, a copy of the preliminary prospectus supplement relating to the offering and accompanying prospectus may be obtained from Barclays Capital Inc., c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, Telephone: 888 603-5847, or by emailing [email protected]; or Citigroup c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717 (tel: 800-831-9146).

 

The offering of these securities is being made under an effective shelf registration statement on file with the U.S. Securities and Exchange Commission. The registration statement can be accessed through the SEC’s website at www.sec.gov. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor may there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
 

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