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Kornit Announces Launch of Public Offering of Ordinary Shares

Press release from the issuing company

Rosh Ha’ayin, Israel – Kornit Digital Ltd. (“Kornit”), a company that develops, manufactures and markets industrial digital printing technologies for the garment, apparel and textile industries, today announced the launch of an underwritten public offering of 3,600,000 ordinary shares, 2,000,000 of which are being offered by Kornit and 1,600,000 of which are being offered by an affiliate of Amazon.com, Inc. (“Amazon”). Kornit will not receive any of the proceeds from the sale of shares being offered by Amazon. The shares being sold by an affiliate of Amazon are being issued pursuant to the exercise of a warrant granted to Amazon by Kornit. Kornit intends to grant the underwriters a 30-day option to purchase up to an additional 540,000 ordinary shares.

Kornit intends to use the proceeds from the offering for future potential acquisitions, including complementary businesses, technologies or assets, and for general corporate purposes, including working capital and capital expenditures. Kornit has no agreements or understandings with respect to any acquisition or investment at this time.

Citigroup, Barclays and Goldman Sachs & Co. LLC are acting as bookrunners and as representatives of the underwriters for this offering. Needham & Company, Stifel, William Blair, Craig-Hallum Capital Group and CJS Securities are acting as co-managers in the offering.

Kornit has filed a preliminary prospectus supplement to its shelf registration statement on Form F-3 with the U.S. Securities and Exchange Commission (the “SEC”) for the proposed offering of its ordinary shares. The offering will be made only by means of a prospectus supplement and the accompanying prospectus. When available, a copy of the preliminary prospectus supplement relating to the offering and accompanying prospectus may be obtained from Citigroup, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717 (Tel: 800-831-9146 or email to: [email protected]); Barclays, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, or by telephone at 888-603-5847, or by emailing [email protected]; or Goldman Sachs & Co. LLC, Attention: Prospectus Department, 200 West Street, New York, NY 10282, or by telephone at 866-471-2526, or by email at [email protected]

The offering of these securities is being made under an effective shelf registration statement on file with the SEC. The registration statement can be accessed through the SEC’s website at www.sec.gov. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor may there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

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