IPO - Maris Tech Ltd.

Form Type: POS AM

Filing Date: 2025-03-28

Corporate Action: Ipo

Type: New

Accession Number: 000101376225004084

Filing Summary: Maris Tech Ltd. has filed a Post-Effective Amendment No. 7 to its Registration Statement on Form F-1, originally declared effective on February 1, 2022. This amendment updates information and includes the company's Annual Report for the year ended December 31, 2024, which highlights the company's financial condition and operational achievements. The document concerns the offering of up to 4,428,971 ordinary shares, which can be issued upon exercise of warrants. The warrants consist of IPO Warrants and Representative’s Warrants, both having an exercise price of $5.25 and set to expire on February 1, 2027. The registration statement covers sales from time to time upon exercise of the Outstanding Warrants, which remain unexercised. The company projects to receive net proceeds of approximately $23.25 million if all warrants are exercised fully, to be used for R&D and marketing. Furthermore, Maris Tech Ltd. is identified as an emerging growth company subject to reduced reporting requirements under the JOBS Act and operates as a foreign private issuer, indicating specific exemptions from U.S. corporate governance practices.

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