GlassesOff Inc. (OTCBB:GLSO) announced a non-brokered private placement of 4,000,000 shares at $1.25 per share for gross proceeds of $5,000,000 on May 16, 2014. The company entered into a stock purchase agreement with certain private investors. The lead investor in the transaction is an affiliate of Cowen Group. The company's Chairman and Vice Chairman of the board participated in the transaction for 335,000 shares and 160,000 shares respectively. The transaction also included participation from Cowen Overseas Investment LP, a fund managed by Ramius Advisors, LLC which purchased 800,000 shares for $1,000,000, Ramius Co-Investment III LLC, a fund managed by Ramius Advisors, LLC, which purchased 760,000 shares for $950,000, Ehud Levy, who purchased 670,000 shares for $837,500, Ori Glezel of Elevator Ventures Holding Ltd., who purchased 80,000 shares for $100,000, Sasson Darwish, who purchased 160,000 shares for $200,000, Donald G. Drapkin, who purchased 160,000 shares for $200,000, Michael Hobi, who purchased 500,000 shares for $625,000, Jeffrey Whitman of J&B Whitman, Ltd., who purchased 80,000 shares for $100,000, Shai Novik, who purchased 335,000 shares for $418,750, David Kretzmer of Sunitas Trust, who purchased 335,000 shares for $418,750, Eyal Karmir of Shayke Avizarim Ltd., who purchased 40,000 shares for $50,000, and Thomas Whayne, who purchased 80,000 shares for $100,000. The company will issue securities pursuant to exemption provided under Regulation D. The company may issue shares on the same terms in one or more closings for total proceeds of $10,000,000. As part of the transaction, Robert L. Grossman of Greenberg Traurig, LLP acted as legal advisor to the company. No brokerage or finder's fee or commissions were paid by the company.

On May 16, 2014, GlassesOff Inc. closed the transaction.