Allot Shares Fall 11% After Public Offering

Dow Jones

Jun 25, 2025

By Stephen Nakrosis

Shares of Israel's Allot were trading in the red Tuesday after hours, following news of a proposed public offering of ordinary shares by the network intelligence and security provider.

After the bell, Allot shares were trading 11% lower, at $8.55. The stock ended the day's regular session at $9.61, gaining 2.6%.

Allot said it plans to use net proceeds to repay $31.4 million of principal outstanding under a $40 million senior unsecured convertible promissory note issued to Lynrock Lake Master Fund.

Allot said Lynrock, its largest shareholder, agreed to convert the remaining principal into ordinary shares.

Earlier Tuesday, shares hit a 52-week high of $9.92.

Write to Stephen Nakrosis at stephen.nakrosis@wsj.com

(END) Dow Jones Newswires

June 24, 2025 16:56 ET (20:56 GMT)

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The stock ended the day's regular session at $9.61, gaining 2.6%. \n\n\n  Allot said it plans to use net proceeds to repay $31.4 million of principal outstanding under a $40 million senior unsecured convertible promissory note issued to Lynrock Lake Master Fund. \n\n\n  Allot said Lynrock, its largest shareholder, agreed to convert the remaining principal into ordinary shares. \n\n\n  Earlier Tuesday, shares hit a 52-week high of $9.92. \n\n\n \n\n\n  Write to Stephen Nakrosis at stephen.nakrosis@wsj.com \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  June 24, 2025 16:56 ET (20:56 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-2","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}