Allot Ltd., a leading provider of network intelligence and security solutions, has announced the launch of an underwritten public offering of its ordinary shares, as per a prospectus filed with the U.S. Securities and Exchange Commission. Proceeds from the offering will be used to repay a significant portion of a $40 million convertible promissory note issued to its largest shareholder, Lynrock Lake Master Fund LP, and for general corporate purposes. The public offering is being conducted via a shelf registration statement on Form F-3. TD Securities and William Blair are acting as joint book-running managers, with Needham & Company as lead manager. Lynrock has agreed to convert the remaining balance of the note into ordinary shares and will adhere to a lock-up agreement for 75 days. The company also plans to offer underwriters a 30-day option to purchase an additional 15% of the shares.