IPO - ParaZero Technologies Ltd.

Form Type: 424B5

Filing Date: 2025-02-13

Corporate Action: Ipo

Type: New

Accession Number: 000121390025013164

Filing Summary: ParaZero Technologies Ltd. is offering 2,518,182 ordinary shares at an offering price of $1.10 per share and pre-funded warrants to purchase up to 300,000 ordinary shares at an offering price of $1.09999 on February 13, 2025. The company aims to use the net proceeds for general corporate purposes and working capital. The offering is part of their shelf registration declared effective on August 16, 2024, allowing them to sell up to $50 million worth of securities. The ordinary shares are traded on Nasdaq under the symbol 'PRZO', with the most recent sale price reported at $1.50 on February 11, 2025. The highest market value for ordinary shares held by non-affiliates over the last 60 days was approximately $12.3 million. This offering involves risk factors, and the placement agent for the offering is Aegis Capital Corp., which will receive a 7.5% fee on gross proceeds, amounting to $232,500.

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