Maris-Tech Announces $2.0 Million Registered Direct Offering

Rhea-AI Summary

Maris-Tech (Nasdaq: MTEK) entered into a registered direct offering to sell 1,605,136 ordinary shares (or pre-funded warrants) at $1.24 per share, with expected gross proceeds of approximately $2.0 million. Closing is expected on or about March 9, 2026, subject to customary conditions.

The company intends to use net proceeds for working capital and general corporate purposes. The securities will be issued under an effective Form F-3 shelf registration. A prospectus supplement will be filed with the SEC.

Positive

• Gross proceeds of approximately $2.0 million to support working capital
• Shares priced at $1.24 provide transparent terms for institutional investor participation
• Issuance under an effective Form F-3 shelf simplifies regulatory process

Negative

• Issuance of 1,605,136 shares may dilute existing shareholders’ ownership
• Closing is subject to customary conditions, so proceeds are not guaranteed on March 9, 2026

News Market Reaction – MTEKW

-20.33%

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-20.33% News Effect

On the day this news was published, MTEKW declined 20.33%, reflecting a significant negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

Rehovot, Israel, March 06, 2026 (GLOBE NEWSWIRE) -- Maris-Tech Ltd. (Nasdaq: MTEK, MTEKW) (“Maris-Tech” or the “Company”), a global leader in video and artificial intelligence (“AI”)-based edge computing technology, today announced that it has entered into a securities purchase agreement with an institutional investor for the purchase and sale of 1,605,136 ordinary shares (or pre-funded warrants to purchase ordinary shares in lieu thereof) in a registered direct offering (the “Offering”), at a purchase price of $1.24 per ordinary share.

The closing of the Offering is expected to occur on or about March 9, 2026, subject to the satisfaction of customary closing conditions. The gross proceeds from the Offering are expected to be approximately $2.0 million before deducting offering expenses payable by the Company. The Company intends to use the net proceeds from the Offering for working capital and general corporate purposes.

The ordinary shares and the pre-funded warrants in lieu thereof will be issued in a registered direct offering pursuant to an effective shelf registration statement on Form F-3 (File No. 333-270330) previously filed with the U.S. Securities and Exchange Commission (the “SEC”), under the Securities Act of 1933, as amended (the “Securities Act”), and declared effective by the SEC on March 16, 2023. A prospectus supplement describing the terms of Offering will be filed with the SEC and once filed, will be available on the SEC's website located at http://www.sec.gov.  

This press release shall not constitute an offer to sell or the solicitation of an offer to buy any of the securities described herein, nor shall there be any sale of these securities in any state or other jurisdiction in which such offer, solicitation, or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or other jurisdiction.

About Maris-Tech Ltd.

Maris-Tech is a global leader in video and AI-based edge computing technology, pioneering intelligent video transmission solutions that conquer complex encoding-decoding challenges. Our miniature, lightweight, and low-power products deliver high-performance capabilities, including raw data processing, seamless transfer, advanced image processing, and AI-driven analytics. Founded by Israeli technology sector veterans, Maris-Tech serves leading manufacturers worldwide in defense, aerospace, intelligence gathering, homeland security (HLS), and communication industries. We’re pushing the boundaries of video transmission and edge computing, driving innovation in mission-critical applications across commercial and defense sectors.

For more information, visit https://www.maris-tech.com/

Forward-Looking Statements Disclaimer

This press release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, that are intended to be covered by the “safe harbor” created by those sections. Forward-looking statements, which are based on certain assumptions and describe our future plans, strategies and expectations, can generally be identified by the use of forward-looking terms such as “believe,” “expect,” “may,” “should,” “could,” “seek,” “intend,” “plan,” “goal,” “estimate,” “anticipate” or other comparable terms. For example, the Company is using forward-looking statements when it discusses the timing for closing of the Offering and the expected use of proceeds from the Offering. Therefore, you should not rely on any of these forward-looking statements. Important factors that could cause our actual results and financial condition to differ materially from those indicated in the forward-looking statements include, among others, the following: its ability to successfully market its products and services, including in the United States; the acceptance of its products and services by customers; its continued ability to pay operating costs and ability to meet demand for its products and services; the amount and nature of competition from other security and telecom products and services; the effects of changes in the cybersecurity and telecom markets; its ability to successfully develop new products and services; its success establishing and maintaining collaborative, strategic alliance agreements, licensing and supplier arrangements; its ability to comply with applicable regulations; and the other risks and uncertainties described in the Annual Report on Form 20-F for the year ended December 31, 2024, filed with the Securities and Exchange Commission on March 28, 2025, and its other filings with the Securities and Exchange Commission. The Company undertakes no obligation to publicly update any forward-looking statement, whether written or oral, that may be made from time to time, whether as a result of new information, future developments or otherwise.

Investor Relations:

Nir Bussy, CFO

Tel: +972-72-2424022

Nir@maris-tech.com

FAQ

What are the terms of Maris-Tech's (MTEK) registered direct offering announced March 6, 2026?

The offering sells 1,605,136 ordinary shares (or pre-funded warrants) at $1.24 per share. According to the company, gross proceeds are expected to be approximately $2.0 million, with closing on or about March 9, 2026, subject to conditions.

How will Maris-Tech (MTEK) use the proceeds from the $2.0 million offering?

The company intends to use net proceeds for working capital and general corporate purposes. According to the company, no specific projects or allocations were disclosed beyond general corporate and working capital use.

When will Maris-Tech's (MTEK) registered direct offering close and what conditions apply?

Closing is expected on or about March 9, 2026, subject to customary closing conditions. According to the company, the transaction depends on satisfaction of those conditions before funds and shares are exchanged.

Will Maris-Tech’s (MTEK) offering dilute existing shareholders and by how much?

The offering will increase outstanding shares by 1,605,136 shares, which may dilute existing holders. According to the company, the exact dilution percentage versus total shares outstanding was not specified in the announcement.

Where are Maris-Tech (MTEK) investors able to find the prospectus supplement for the offering?

A prospectus supplement describing the offering terms will be filed with the SEC and available on its website. According to the company, investors can access the supplement once it is filed on www.sec.gov.