E.N. Shoham Business Ltd (TASE:SHOM) announced that it has issued 2,400,000 common shares at the price of ILS 3.167 per share for gross proceeds of ILS 7,600,000 from More Investment House Ltd. on March 26, 2019. The company also issued 600,000 series 1 warrants to acquire additional 2% stake in the transaction. Each warrant is exercisable at the price of ILS 3.88 per share until August 1, 2021. The investor acquired 8% stake in the company.