Business Context and Reporting Period
This Form 6-K filing by Allot Ltd. covers the month of June 2025, specifically reporting on a capital raising event and debt restructuring that closed on June 26, 2025. The Company, a foreign private issuer, executed an underwriting agreement to issue ordinary shares and simultaneously amended a senior unsecured convertible promissory note.
Key Financial Metrics and Transaction Details
- Offering Proceeds: Gross proceeds of $40.0 million from the sale of 5,000,000 ordinary shares at $8.00 per share.
- Debt Repayment: $31.41 million of the outstanding principal under the Lynrock Note was repaid in cash using net proceeds from the Offering.
- Debt Conversion: The remaining $8.59 million principal of the Lynrock Note was converted into 1,249,995 ordinary shares.
- Ownership Impact: Following the transaction, Lynrock Lake Master Fund LP owns approximately 21.8% of the outstanding ordinary shares.
- Over-Allotment Option: Underwriters were granted a 30-day option to purchase up to an additional 750,000 ordinary shares.
Material Changes Versus Prior Period
The filing does not provide comparative financial performance metrics (revenue, profit, or cash flow) for the period. The material change reported is a significant balance sheet restructuring: the complete cancellation of the $40.0 million Lynrock Note through a combination of cash repayment and equity conversion, funded by the new equity offering.
Guidance, Outlook, and Risks
The filing contains no forward-looking guidance, revenue outlook, or management commentary regarding future operational performance. The primary risks and contingencies noted are standard underwriting obligations, including representations, warranties, indemnification, and termination provisions contained in the Underwriting Agreement. The transaction was conditional upon the closing of the Offering.
Key Facts for Investor Verification
- Verify the final number of shares issued if the 30-day over-allotment option is exercised by underwriters.
- Confirm the exact net proceeds after deducting underwriting discounts and offering expenses, as only gross proceeds ($40.0 million) are stated.
- Review the full Underwriting Agreement (Exhibit 1.1) and Note Amendment (Exhibit 10.1) for specific covenants and conditions not detailed in the summary.
- Monitor the dilution impact on existing shareholders resulting from the issuance of 5,000,000 new shares plus 1,249,995 conversion shares.