Represented Navitas Petroleum in a NIS 1.742 billion offering of TASE traded participation units and options

Congratulations to our client, Navitas Petroleum, on its successful offering of TASE traded participation units and options, raising NIS 1.742 billion (including future exercise consideration).

The offering drew approximately NIS 14.3 billion in investor demand, resulting in immediate proceeds of approximately NIS 1.23 billion— making this one of the largest equity raises on TASE in recent years.

Partners Shirel Guttman-Amira,Yaara Shchori – Ben Harush and associate Yarden Ades from our Corporate, Securities and Capital Markets Department represented Navitas Petroleum in this transaction.

Read more about this transaction here (heb): https://www.funder.co.il/article/187321

https://www.ice.co.il/finance/news/article/1082708