NextVision Founders to Sell $200 Million in Shares
A group of founders and management at Ra’anana-based NextVision Stabilized Systems have announced plans to sell $200 million worth of company stock. The move, representing roughly 2% of the imaging technology firm's outstanding shares, is aimed at broadening the investor base and improving liquidity through a coordinated bookbuilding process.
The selling group includes Chen Golan, Michael Grosman, Boris Kipnis, and Nachman Benchaya. While these executives are liquidating a portion of their holdings, they maintain that they remain committed to the company's long-term trajectory. The transaction is strictly a secondary offering, meaning NextVision will not receive any proceeds from the sale.
To facilitate the transition, the selling shareholders have agreed to a 90-day lock-up period for their remaining interests. Jefferies is serving as the sole global coordinator for the deal, with UBS, Needham, and Leader Capital Markets acting as bookrunners. The final price and share volume will be determined by market demand during the bookbuilding phase, which is currently underway.
Comments (0)
No comments yet. Be the first!