iArgento
High Tech Assets
TASE: iARG
As part of our ongoing support of Israeli start-ups, iArgento Group is regularly exploring additional options for continued support for projects in which we have already invested, along with a constant examination of new projects that will continue to create value for our investors.
In light of a welcomed change initiated by the Tel Aviv Securities Authority and the Tel Aviv Stock Exchange, we are pleased to announce that iArgento Group this week released a public draft prospectus outlining the listing of trading participation units of a Limited Partnership for investment in Israeli R&D (Research and Development) companies entitled: "iArgento High Tech Assets" in order to raise funds from the public.
In the first phase, the Partnership intends to raise approximately 120 million NIS from the public to make follow-on investments in companies that are part of iArgento's current portfolio - the start-up companies in which iArgento Group has invested in the last years.
This investment amount and additional future fundraising efforts will be used to ensure the companies' continued success, the simple goal of which is to maximize return to investors. Subsequently, the Partnership intends to invest in additional research and development companies, which will be selected according to our Group's meticulously structured investment protocol.
