Maris-Tech Secures a $4 Million Line of Credit from a Leading Israeli Commercial Bank
Maris-Tech (Nasdaq: MTEK) has secured a $4 million line of credit from a leading Israeli commercial bank for a 12-month period. The agreement includes fixed and floating liens on company assets and customary covenants, with two shareholders agreeing to subordination restrictions on their existing loans.
The credit line aims to provide flexibility for strategic opportunities and increased commercial activity without shareholder dilution. The company views this agreement as a demonstration of trust from a major Israeli financial institution.
Maris-Tech (Nasdaq: MTEK) ha ottenuto una linea di credito di 4 milioni di dollari da una delle principali banche commerciali israeliane per un periodo di 12 mesi. L'accordo include gravami fissi e variabili sui beni aziendali e clausole consuete, con due azionisti che accettano restrizioni di subordinazione sui loro prestiti esistenti.
La linea di credito ha l'obiettivo di fornire flessibilità per opportunità strategiche e un'attività commerciale aumentata senza diluizione per gli azionisti. L'azienda considera questo accordo come una dimostrazione di fiducia da parte di una grande istituzione finanziaria israeliana.
Maris-Tech (Nasdaq: MTEK) ha asegurado una línea de crédito de 4 millones de dólares de un importante banco comercial israelí por un período de 12 meses. El acuerdo incluye gravámenes fijos y flotantes sobre los activos de la empresa y convenios habituales, con dos accionistas que aceptan restricciones de subordinación sobre sus préstamos existentes.
La línea de crédito tiene como objetivo proporcionar flexibilidad para oportunidades estratégicas y aumentar la actividad comercial sin dilución para los accionistas. La empresa considera este acuerdo como una demostración de confianza por parte de una importante institución financiera israelí.
Maris-Tech (Nasdaq: MTEK)는 12개월 동안 주요 이스라엘 상업은행으로부터 400만 달러의 신용 한도를 확보했습니다. 이 계약에는 회사 자산에 대한 고정 및 변동 담보와 일반적인 계약 조항이 포함되어 있으며, 두 명의 주주가 기존 대출에 대한 후순위 제한을 동의했습니다.
신용 한도는 주주 희석 없이 전략적 기회와 상업 활동 증가를 위한 유연성을 제공하는 것을 목표로 하고 있습니다. 회사는 이 계약을 주요 이스라엘 금융 기관으로부터의 신뢰의 표시로 보고 있습니다.
Maris-Tech (Nasdaq: MTEK) a obtenu une ligne de crédit de 4 millions de dollars d'une banque commerciale israélienne de premier plan pour une période de 12 mois. L'accord comprend des garanties fixes et flottantes sur les actifs de l'entreprise ainsi que des engagements habituels, avec deux actionnaires acceptant des restrictions de subordination sur leurs prêts existants.
La ligne de crédit vise à offrir une flexibilité pour des opportunités stratégiques et une activité commerciale accrue sans dilution pour les actionnaires. L'entreprise considère cet accord comme une démonstration de confiance de la part d'une grande institution financière israélienne.
Maris-Tech (Nasdaq: MTEK) hat eine Kreditlinie von 4 Millionen Dollar von einer führenden israelischen Geschäftsbank für einen Zeitraum von 12 Monaten gesichert. Die Vereinbarung umfasst feste und variable Sicherheiten auf Unternehmensvermögen sowie übliche Verpflichtungen, wobei zwei Aktionäre zustimmen, ihre bestehenden Darlehen nachrangig zu behandeln.
Die Kreditlinie soll Flexibilität für strategische Chancen und erhöhte Geschäftstätigkeit ohne Verwässerung der Aktionäre bieten. Das Unternehmen sieht diese Vereinbarung als ein Zeichen des Vertrauens von einer großen israelischen Finanzinstitution.
- Secured $4 million credit line for 12 months
- Enables strategic growth without shareholder dilution
- Demonstrates creditworthiness and banking sector confidence
- Company assets pledged as collateral through fixed and floating liens
- Subject to restrictive covenants that may limit operational flexibility
The line of credit will allow the Company flexibility in taking advantage of strategic opportunities
Rehovot, Israel, March 27, 2025 (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 secured a
The line of credit is on accepted commercial terms for similarly-sized companies and includes fixed and floating liens on the Company's assets, customary economic and restrictive covenants by the Company, its U.S. subsidiary and agreement by two shareholders of the Company to certain subordination restrictions concerning loans they have provided to the Company.
The line of credit will allow the Company the ability to take advantage of strategic opportunities and increase its commercial activity, without diluting the Company's shareholders.
The Company believes that the entry into the line of credit agreement indicates the trust of a leading Israeli commercial bank towards the Company.
“We are proud that a leading Israeli commercial bank has chosen to support the Company’s growth. This line of credit will give us the flexibility to achieve our growth potential, without relying on market conditions or sales of our equity. We will continue to do everything to justify the trust given to us,” said Israel Bar, Chief Executive Officer of Maris-Tech.
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 Statement 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 the Company’s 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 is discussing: that the line of credit will allow the Company the ability to take advantage of strategic opportunities and to increase its business activity and will give the Company the flexibility to achieve its growth potential, without relying on market conditions or sales of the Company’s equity; the Company’s belief that the entry into the line of credit agreement indicates the trust of a leading Israeli commercial bank towards the Company and that the signing of the line of credit agreement indicates the trust of a leading Israeli commercial bank towards the Company. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of the Company’s control. The Company’s actual results and financial condition may differ materially from those indicated in the forward-looking statements. Therefore, you should not rely on any of these forward-looking statements. Important factors that could cause the Company’s 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, 2023, filed with the SEC on March 21, 2024, and its other filings with the SEC. We undertake 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
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