Cambridge Capital already owns 6.3% of the TASE-listed incubator.
New Jersey-based Cambridge Capital LLC will invest $1 million in technology incubator operator Maayan Ventures Ltd. (TASE:MAYN). Cambridge Capital will buy 3.4 million Maayan shares at NIS 1.12 per share, 110% above its average price over the past 14 sessions.
Cambridge Capital, which owns 6.34% of Maayan, will increase its holding by 4.76%. Cambridge Capital also has an option to buy 342,400 Maayan warrants, each exercisable for one share, at NIS 1.018 per share.
Maayan's share was unchanged today at NIS 1.019.
Published by Globes [online], Israel business news - www.globes-online.com - on December 24, 2008
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