Categories: Tech News

Israeli video technology provider Beamr Imaging updates terms of proposed $15 million U.S. IPO


Israeli video technology provider Beamr Imaging (BMR) has updated the terms for its proposed $15 million initial public offering in the US.

Beamr said in a filing that it is now looking to offer 3M stock at $5 a share, which would raise $15 million. The underwriters will receive a 45-day option to purchase up to an additional 450,000 shares.

The video technology company expects to list its shares on the Nasdaq under the symbol BMR. Think Equity acts as lead book manager.

Beamr is a provider of technology solutions for video encoding, transcoding and optimization. Its clients include video streaming platforms and Hollywood studios. For 2021, the company posted a net loss of $952,000 on revenue of $3.3 million.

In the July filing, Beamr said it wanted to offer 1.4 million shares priced between $10 and $12 a share, which would have raised $15 million if it were mid-priced.

For a more detailed look at Beamr, see SA contributor Donovan Jones’ “Beamr Imaging Aims for $15 Million US IPO.”


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