Recession USA 2020
Business

G. Willi-Food to raise funds after strong rally (NASDAQ:WILC)

G. Willi-Food International (NASDAQ:WILC) announces a proposed private placement of 650K shares and warrants to generate gross proceeds of ~$12.8M. The company says it has received and accepted commitments from Israeli institutional and accredited investors.

The closing of the private placement is subject to certain regulatory approvals, which are expected to be obtained this month.

SEC Form 6-K

G. Willi-Food is raising the funds with shares up 72% YTD and 97% higher over the last 52 weeks.

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