Apollo Power insider increases holdings ahead of capital raise approval

Yishai Mor acquired shares in the cleantech company for approximately ₪38,000, raising his stake to 4.92%, a day before the company announced it received a permit from the ISA to publish a prospectus ahead of a share offering.

Cleantech company Apollo Power received a permit from the Israel Securities Authority to publish a prospectus, a preliminary step toward a public capital raise. The move was reported a day after insider Yishai Mor increased his holdings in the company to about 4.92% through on-market share purchases.

Cleantech company Apollo Power, which develops and manufactures flexible solar films, reported on October 6 that it received a permit from the Israel Securities Authority to publish a prospectus for a public share offering. Receiving the permit constitutes a necessary regulatory stage that allows the company to advance its capital raising process, a move that may finance its growth and expansion plans.

The announcement of this significant development coincides, in an interesting sequence of events, just one day after company insider Yishai Mor increased his holdings. According to a separate filing submitted to the TASE, on October 5, 2026, Mor purchased 25,883 shares of Apollo Power on the open market. The purchase was executed at an average price of 147.92 agorot per share, for a total financial volume of approximately ₪38,300.

Following the purchase, Mor's holdings in Apollo Power rose from 4,571,683 shares, representing 4.89% of the company's capital, to 4,597,566 shares. His current ownership stake stands at 4.92% of the capital and 4.45% fully diluted. This purchase, despite its modest scale, brings Mor close to the 5% holding threshold, which is considered the benchmark defining an "insider" in a public company under the law.

At this stage, the report regarding the receipt of the prospectus permit does not include details on the planned fundraising volume, its exact timing, or its terms. These details are expected to be published within the prospectus itself, if and when the company decides to execute the offering. The coincidence of an insider increasing their exposure to the company's stock in such close proximity to the announcement of progress toward a capital raise is an event worthy of attention for investors following the company.