Fire & Gas Detection Technologies Ltd entered into investment agreement to issue 601,000 ordinary shares and 601,000 series 3 convertible tradable warrants for a gross proceeds of ILS 4,868,100 on December 27, 2023. The transaction included participation from Fax colleagues and Yoel Carso. The shares offered as part of the private placement will be allocated to offers shortly after receiving the stock exchange's approval for the registration of the shares for trading.

After the execution of the private allotment, the shares and warrants allocated will constitute a total of about 2.87% of the company's capital and voting rights in it without dilution, and a total of about 4.87% of the company's capital and voting rights in it fully diluted. Along with the completion of the allocation, a consulting and distribution fee will be paid to Active Underwriting Ltd., in an amount equal to 5% of the total gross consideration in cash, i.e. a total of ILS 243,405. In addition, the company will pay a sum equal to 4% of the future consideration received by the company from the exercise of the registered.