Maris-Tech Ltd. Secures $2 Million Financing to Strengthen its Capital Structure and Support Commercial and U.S. Market Initiatives

Core Viewpoint - Maris-Tech Ltd. has entered into Note Purchase Agreements with institutional investors, issuing non-interest bearing convertible promissory notes totaling $2,000,000 to enhance its capital structure and support U.S. market activities [1][2]. Group 1: Financial Details - The company issued convertible promissory notes with an aggregate principal amount of $2,000,000, intended for working capital and general corporate purposes [1]. - The Notes are convertible into ordinary shares, with specific conversion periods: an initial window starting six months after issuance and full convertibility beginning twelve months after issuance [2]. - Any remaining principal under the Notes will automatically convert after twenty-four months, subject to a conversion price floor [2]. Group 2: Regulatory Information - The Notes and the ordinary shares issued upon conversion are part of a private placement exempt from the registration requirements of the Securities Act of 1933, meaning they cannot be offered or sold in the U.S. without an effective registration statement or applicable exemption [3]. Group 3: Company Overview - Maris-Tech is a leader in video and AI-based edge computing technology, focusing on intelligent video transmission solutions for various industries, including defense and aerospace [4]. - The company offers lightweight, low-power products that provide high-performance capabilities such as raw data processing and AI-driven analytics [4].