PETACH TIKVA, ISRAEL - Eltek Ltd. (NASDAQ:ELTK), a global provider of printed circuit board solutions, has priced an underwritten public offering of 625,000 ordinary shares at $16.00 each, aiming to raise $10 million before fees and expenses. The offering is slated to close on February 15, 2024, contingent upon customary closing conditions.

ThinkEquity is the sole book-running manager for the transaction. Eltek plans to allocate the net proceeds towards expanding its production capabilities and for general corporate needs, including working capital.

The shares are being offered pursuant to a shelf registration statement on Form F-3, filed with the U.S. Securities and Exchange Commission (SEC) and effective as of August 5, 2022. Prospective investors are advised to consult the prospectus supplement and accompanying prospectus filed with the SEC, which detail the offering's terms.

Eltek, established in 1970 and headquartered in Israel, specializes in the production of complex and high-quality printed circuit boards, catering to the defense, aerospace, and medical sectors among others. The company operates internationally, with a subsidiary in North America and agents across Europe, India, South Africa, and South America.

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