Ethernity Networks Ltd

Ethernity Networks is a leading provider of networking and security software solutions on Field Programmable Gate Arrays (FPGAs), incorporated into SoCs, SmartNICs, and network appliances. Ethernity was founded in 2004 and has its technology deployed in over 700K systems worldwide, connecting over 100M end users. With global headquarters in Airport City, Israel, Ethernity is traded on the AIM market of the London Stock Exchange.
Deal price
1
Discount of 13 %
Last Price 1.15p p

Key information

Key information

Sector

Technology

Close date

Delivery

Placing price

Last price

Discount

Amount raised

1

1.15 p

13 %

£700,000

Use of proceeds

Subject to the Company finalising a settlement with creditors under the TSP (as defined below), the net Fundraise proceeds will be used to strengthen the Company's balance sheet to allow the Company to service existing contracts, capitalise on new opportunities and support its growth plan

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