Abra Information Technologies Ltd. announced a private placement that it will issue 13,333,333 ordinary shares of the company with the par value of NIS 0.01 each at an issue price of NIS 3 per share for the aggregate gross proceeds of NIS 39,999,999 on January 17, 2024. The transaction will include participation from Value Base Fund Limited Partnership. The transaction has been approved by the board of directors of the company.