RiT Technologies closes public offering

RiT Technologies Ltd. (NASDAQ: RITT) said it has closed its previously announced underwritten public offering of 3,000,000 ordinary shares and warrants to purchase 1,500,000 ordinary shares at an offering price of USD2.00 per share and USD0.01 per warrant.

In addition, the underwriter exercised its over-allotment option to purchase warrants to acquire an additional 225,000 ordinary shares at an offering price of USD0.01 per warrant. The warrants have a per share exercise price of USD2.50, are exercisable immediately, and expire five years from the date of issuance. The warrants began trading on The NASDAQ Capital Market on November 22, 2013 under the symbol “RITTW.”

Aegis Capital Corp. acted as the sole book-running manager for this offering.

RiT Technologies Ltd. provides intelligent infrastructure management (IIM) and indoor optical wireless technology solutions. Its IIM products enhance security and network utilization for data centers, communication rooms, and work space environments. The company was founded in 1989 and is headquartered in Tel Aviv, Israel. RiT Technologies Ltd. is a subsidiary of Stins Coman Inc. The company´s website is at http://www.rittech.com.

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