| RIT Technologies Ltd. | |||
| Ticker: | RITTF | ||
| Exchange: | NASDAQ-National Market | Tel Aviv, ISRAL | |
| Industry: | High-Tech (SIC Code 3577) | ||
| Type of Shares: | Ordinary Shares | Filing Date: | 7/1/97 | |
| U.S. Shares: | 2,300,000 | Offer Date: | 7/21/97 | |
| Non-U.S. Shares: | 0 | Filing Range: | $7.50 - $9.50 | |
| Primary Shares: | 2,300,000 | Offer Price: | $8.00 | |
| Secondary Shares: | 0 | Gross Spread: | $0.56 | |
| Offering Amount: | $19,550,000 | Selling: | $0.34 | |
| Expenses: | - | Reallowance: | $0.10 | |
| Shares Out After: | 8,300,000 |
| Manager | Tier | Phone |
| Unterberg Harris | Lead Manager | (212) 572-8060 |
| Pennsylvania Merchant Group Ltd | Co-manager | (610) 260-6495 |
Dollar amounts in U.S. millions except for per share data | |||||
| 3 Month Ending Financials | |||||
| Full Year Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 3/31/97 | 3/31/96 | ||||
| Revenue: | $3.80 | $2.90 | Assets: | ||
| Net Income: | -$0.43 | -$0.19 | Curr Assets: | ||
| EPS: | -$0.07 | -$0.03 | Liabilities: | ||
| Prior EPS: | Curr Liabilities: | ||||
| Cash Flow/Oper: | Equity: | ||||
| Cash Flow/Fin: | Cash: | ||||
| Cash Flow/Inv: | |||||
| Business Description |
| The company is a manufacturer of wiring for computer networks. The company manufactures both wiring for the commercial building segment and telecommunications wiring. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used to expand its marketing and distribution channels, to open new offices, to acquire related businesses and technologies, and to repay outstanding loans. |