Maris Tech Ltd.

Maris Tech Ltd. (MTEK) priced its initial public offering on Feb 3, 2022 at $4.20 per share, within its $4.20–$5.80 range, and listed on Nasdaq Capital Market. At the IPO price its market capitalization was about $30.5M. Aegis Capital was lead-left underwriter. Sullivan & Worcester advised the company and Kaufman & Canoles advised the underwriters.

Maris Tech Ltd. designs, develops and manufactures miniature intelligent video and audio surveillance and communication systems. It sells them to professional, civilian and home security markets as ready-to-use products or as customized components for customers' systems.

Status

IPO

Ticker

MTEK

Exchange

Nasdaq Capital Market

Priced

Feb 3, 2022

IPO price

$4.20

Price range

$4.20–$5.80

Market cap at IPO price

$30.5M

First filed

Nov 1, 2021

Underwriters

Aegis Capital

Company counsel

Sullivan & Worcester

Underwriters' counsel

Kaufman & Canoles

Sector

Technology

Country / state

Israel

Market cap at IPO price = shares outstanding after the offering (all classes, before the over-allotment option) × the IPO price, from the final prospectus.