Corporate ActionJun 22, 2026, 04:22 PM
Ellomay Seeks Court Approval to Cut Debenture Conversion Price to $25.6
AI Summary
Ellomay Capital Ltd. announced it has petitioned the Israeli District Court to approve a reduction in the conversion price of its Series D Convertible Debentures. The proposed change would lower the conversion price from approximately $55.7 to $25.6 per share. This adjustment would increase the number of ordinary shares convertible from 375,757 to 816,326, subject to court and NYSE American approvals.
Key Highlights
- Ellomay Capital submitted a petition to the Israeli District Court to reduce Series D Convertible Debenture conversion price.
- Proposed conversion price reduction from NIS 165 (approx. $55.7) to NIS 75.95 (approx. $25.6) per share.
- Current debentures are convertible into 375,757 ordinary shares.
- If approved, debentures would be convertible into 816,326 ordinary shares.
- The reduction is subject to court approval and NYSE American listing approval.
Price Impact
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