Security software firm Allot falls on $40 mln stock offering

U.S.-listed shares of Allot Ltd ALLT.O down 10.4% to $8.61 before the bell after co raises equity

Israeli network intelligence and security solutions provider late Tues announced offering of 5 mln shares priced at $8 for $40 mln gross raise

Offering priced at 16.8% discount to last sale

Co expects to use net offering proceeds to repay $31.41 mln of outstanding convertible note with face value of $40 mln issued to its largest shareholder, Lynrock Lake Master Fund

Balance of proceeds for general purposes, it said

TD Cowen and William Blair jt bookrunners for offering

Allot has ~39.7 mln shares outstanding for roughly $381 mln market cap

Lynrock owned about 9 mln shares for 22% stake in co prior to the offering, per LSEG data

Through Tues, ALLT shares rose 68% QTD putting them up ~62% in 2025. Stock closed at $2.28 a year ago