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June 29, 2014
12:42 EDTEMITFElbit Imaging announces agreement for investment in InSightec
Elbit Imaging announced that InSightec has entered into a Series D Preferred Share Purchase Agreement with York Global Finance II S.a r.l., an affiliate of York Capital Management, pursuant to which the Investor and certain Subsequent Investors, shall invest between $50M and $62.5M in InSightec. The company holds approximately 90% of the share capital of Elbit Medical Technologies which, in turn, holds approximately 48.2% of the share capital in InSightec. As part of the transaction, Elbit Medical and other current shareholders of InSightec have agreed to amend the Securityholders Agreement among them.
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September 14, 2014
13:24 EDTEMITFElbit Imaging announces investment of $12.5M in Insightec
Elbit Imaging announced further to the company's announcement dated June 29 and September 8, that it was informed by InSightec, of the closing of investment of $12.5M by Shanghai GEOC Hengtong Investment Limited Partnership and Fortune China Limited. In the framework of the present investment round in InSightec, the Chinese Group has exercised the right granted thereto in the investment round documents and has acquired a total of 6,444,404 Series D preferred shares of InSightec, which represent approx. 5% of the share capital of InSightec on a fully diluted basis, in consideration for a total payment of U.S. $12.5M. Upon the closing of the transaction, the, Elbit Medical's holding in InSightec is 37.6%. The company holds approximately 85% in Elbit Medical Technologies on fully diluted basis.
September 10, 2014
05:39 EDTEMITFElbit Imaging announces compliance with Nasdaq minimum bid price
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September 8, 2014
05:48 EDTEMITFElbit Imaging announces execution of amendment to InSightec investment
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September 2, 2014
07:59 EDTEMITFElbit Imaging subsidiary announces Gamida Cell completed execution of agreements
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