Electreon Wireless Ltd announced a private placement of 538,462 common shares at an issue price of ILS 65 per share for gross proceeds of ILS 35,000,030 on June 4, 2023. The transaction included participation from new investors, entities from the Clal Insurance Company Ltd. group. The transaction has been approved by board of directors of the company and is subject to approval from Tel Aviv Stock Exchange Ltd. The warrants are exercisable into common shares from the date of their issuance until June 1, 2025 at an exercise price of ILS 95 per warrant and are non-tradeable.