Algomizer, Ltd. (TASE:ALMO) announced that it has entered into an investment agreement with a group of private investors for private placement of 666,666 common shares at ILS 4.5 per share for gross proceeds of ILS 3,000,000 on February 27, 2017. If the company decides, during 18 months after the allotment, on the issuance of additional shares at a price lower than ILS 4.20 per share, the company commits to compensate the investors through the allotment of additional shares. The total share outstanding is 18,440,622 ordinary shares. The shares will be listed on the Tel-Aviv Stock Exchange and will have a lock up for a period of 6 months. The board has approved the transaction.