Business
OPC Energy Announces $255 Million (NIS 800 Million) Equity Raise with Leading Israeli Institutional Investors
OPC Energy Ltd. (TASE: OPCE), a leading Independent Power Producer (IPP) operating in Israel and the United States that provides reliable and efficient electricity through a diversified mix of natural gas and renewable energy, today announced the closing of a private placement of 8,000,000 ordinary shares (the "Allocated Shares") to leading Israeli institutional investors for a total consideration of approximately $255 million (NIS 800 million).
About this update from Opc Energy Ltd.
[{"type":"text","content":"TEL AVIV, Israel, March 13, 2026 /PRNewswire/ -- OPC Energy Ltd. (TASE: OPCE), a leading Independent Power Producer (IPP) operating in Israel and the United States that provides reliable and efficient electricity through a diversified mix of natural gas and renewable energy, today announced the closing of a private placement of 8,000,000 ordinary shares (the "Allocated Shares") to leading Israeli institutional investors for a total consideration of approximately $255 million (NIS 800 million).","length":508,"tagName":"p"},{"type":"image","alt":"OPC Energy Logo","displaySize":"","headline":null,"caption":"OPC Energy Logo","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":283,"url":"https://media.zenfs.com/en/prnewswire.com/e7e4e9e97d5cba5b25de4dfb08f24f2a"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/35jgC4uNLHm67yzZ3Z1DUA--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTQ5OTtjZj13ZWJw/https://media.zenfs.com/en/prnewswire.com/e7e4e9e97d5cba5b25de4dfb08f24f2a","width":400,"height":283}}},{"type":"text","content":"To the best of the Company's knowledge, of the Allocated Shares, 2,000,000 shares will be allocated to Harel Group ("Harel") and 1,500,000 shares will be allocated to Menora Group ("Menora"), each of which is an interested party of the Company.","length":268,"tagName":"p"},{"type":"text","content":"The Allocated Shares represent approximately 2.65% of the Company's outstanding share capital and voting rights prior to the transaction, approximately 2.58% following the completion of the allocation, and approximately 2.57% on a fully diluted basis.","length":255,"tagName":"p"},{"type":"text","content":"The Company's closing share price on the relevant trading day was NIS 105.7. The transaction price represents approximately 94.6% of the closing share price, representing strong confidence in the Company.","length":208,"tagName":"p"},{"type":"text","content":""This private placement by leading Israeli institutional investors reflects strong confidence in OPC Energy's strategy, execution, and long-term growth potential. It further supports our ability to advance significant investment opportunities across our core markets in the United States and Israel", said Giora Almogy, Chief Executive Officer of OPC Energy.","length":372,"tagName":"p"},{"...