Allot Ltd. Unveils New Public Offering of Ordinary Shares

Author: Owen Jenkins Updated: 06-24-2025 08:30 PM

Allot Ltd. Launches Public Offering for Ordinary Shares

Allot Ltd. (Nasdaq: ALLT; TASE: ALLT), a prominent provider of network intelligence and security solutions, recently reported the pricing of a public offering involving 5,000,000 ordinary shares at $8.00 each. This move is aimed at boosting capital structure, with the company fully selling the shares from its own portfolio. Additionally, underwriters have been granted a 30-day window to acquire up to 750,000 extra shares at the same public offering price, minus standard underwriting fees.

Expected Proceeds and Use of Funds

The initial proceeds from this offering are projected to total approximately $40 million before any costs related to underwriting or anticipated expenses. A significant portion of these funds is earmarked to address outstanding debts, specifically $31.41 million owed on a senior unsecured convertible promissory note. This note, originally valued at $40 million, was issued to Lynrock Lake Master Fund LP, a key shareholder, in early 2022. The remainder of the funds will be allocated towards general corporate needs, emphasizing Allot's commitment to strengthening its financial footing.

Lynrock's Role in the Offering

In an interesting development surrounding this offering, Lynrock has consented to convert the remaining balance of $8.59 million of the note into 1,249,995 ordinary shares. This conversion signifies Lynrock's support for Allot's strategic direction. Additionally, Lynrock has engaged in a lock-up agreement with the underwriters, committing to a 75-day hold period post-final prospectus issuance. Following the repayment and conversion of the Lynrock Note, Allot will stand debt-free, enhancing its operational flexibility and potential for future growth.

Key Financial Advisors for the Offering

Allot has appointed TD Cowen and William Blair as joint book-running managers, with Needham & Company leading the management and Northland Capital Markets assisting as co-manager for this public offering. These firms bring substantial experience, which can benefit Allot in executing this capital raise efficiently.

Regulatory Filings and Important Disclaimers

The public offering is conducted under an active shelf registration statement on Form F-3, already filed and approved by the U.S. Securities and Exchange Commission. Interested investors should review the prospectus and related documents linked to the offering for detailed information. It is critically important to evaluate these documents to understand fully the associated risks and rewards of the investment.

About Allot Ltd.

Allot Ltd. is recognized globally for its innovative network solutions, focusing on enhancing service delivery and ensuring robust security for enterprises and service providers. As they embark on this new public offering, Allot aims to solidify its position within the competitive landscape of network intelligence.

Frequently Asked Questions

What is the purpose of Allot's public offering?

The public offering aims to raise capital to repay a convertible note and support general corporate expenses.

How many shares are being offered in this public offering?

Allot is offering 5,000,000 ordinary shares in this public offering.

When will the offering close?

The offering is expected to close shortly, pending customary closing conditions.

What will happen to the outstanding Lynrock Note?

Lynrock has agreed to convert its outstanding debt into ordinary shares and will not hold any debt following this transaction.

Who are the financial advisors for this offering?

TD Cowen and William Blair are acting as joint book-running managers for the offering.

About The Author

Hi there I'm 38-year-old author and financial consultant Owen Jenkins. Having worked in the financial sector for more than ten years, I am well-versed in the subtleties and complexity that mold our financial environment. Following a degree in finance, I worked in a number of financial institutions honing my abilities in market analysis, financial planning, and investment strategies.

My love is teaching others about investing and personal finance. My goal in writing many books and articles has been to demystify financial ideas and give readers the information they need to make wise financial decisions. I write with a direct, useful style that emphasizes doable suggestions for daily living.

Along with writing, I lead webinars and seminars where I impart knowledge on how to successfully negotiate the financial world. I also write for financial journals and show up as a guest expert on financial news programs a lot. Whether they are new to investing or want to improve their approach, my mission is to enable people to take charge of their financial futures.

Beyond work, I like to hike, play the guitar, and spend time with my family. I think that balance is crucial and want to encourage people to strike a balance between their financial aspirations and their hobbies. I want to help people succeed and achieve financial security through my work, so having a good influence.

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