IPO - Allot Ltd.
Form Type: 424B5
Filing Date: 2025-06-24
Corporate Action: Ipo
Type: New
Accession Number: 000121390025057326
Filing Summary: Allot Ltd. is offering ordinary shares through a registered public offering. The company is repaying $31.41 million of its convertible note held by Lynrock Lake Master Fund LP, with the remainder being converted into shares at a specified conversion rate. This offering is part of a shelf registration process and follows a prior prospectus dated April 3, 2025. The shares trade on Nasdaq and the Tel Aviv Stock Exchange under the symbol 'ALLT'. As of June 23, 2025, the last reported price on Nasdaq was $9.02. The total net proceeds from the offering are intended for debt repayment and general corporate purposes, with plans for further discussions on risks associated with investing in the shares. The document also indicates the potential for additional shares to be purchased by underwriters within a 30-day period following the offering date.
Additional details:
Shares Offered: ordinary shares
Underwriter Option Period: 30 days
Lynrock Note Principal Repayment: $31.41 million
Lynrock Note Conversion Amount: $8.59 million
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