The company acquired 1.5% of its ordinary shares.
REHOVOT, Israel, April 03, 2023 — Maris-Tech Ltd. (Nasdaq: MTEK, MTEKW) (“Maris-Tech” or the “Company”), a B2B provider of intelligent video transmission technology with artificial intelligence (AI) acceleration for edge platforms, today announces that its previously announced share repurchase program (the “Repurchase Program”) was completed on March 31, 2023.
The Company repurchased 120,715 of its ordinary shares, no par value per share (the “Ordinary Shares”), representing approximately 1.5% of its issued and outstanding Ordinary Shares, at an average price of $0.987 per Ordinary Share.
About Maris-Tech Ltd.
Maris-Tech is a B2B provider of intelligent video transmission technology, founded by veterans of the Israel technology sector with extensive electrical engineering and imaging experience. Our products are designed to meet the growing demands of commercial and tactical applications, delivering high-performance, compact, low power and low latency solutions to companies worldwide, including leading electro-optical payload, radio frequency, datalink and unmanned platform manufacturers as well as defense, homeland security, and communication companies. For more information, visit https://www.maris-tech.com/.
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