Infimer Ltd (TASE:INFR) announced a private placement of 699 common shares at a price of ILS 85.5 per share for gross proceeds of ILS 59,794 on November 7, 2016. The company entered into an investment agreement for the transaction. The transaction will include participation from a third party. The company has entered into a lock-up agreement for 180 days from allocation. The transaction has been approved by the board of directors of the company.