SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16 OF
THE SECURITIES EXCHANGE ACT OF 1934
For the month of: January 2022
Commission File Number: 001-36903
KORNIT DIGITAL LTD.
(Translation of Registrant’s name into English)
12 Ha’Amal Street
Rosh Ha’Ayin 4824096 Israel
(Address of Principal Executive Office)
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.
Form 20-F ☒ Form 40-F ☐
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): ☐
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): ☐
Acquisition of Tesoma
On January 25, 2022, Kornit Digital Ltd. (the “Company”) issued a press release entitled “Kornit Digital to Acquire Tesoma, Enhancing Range of End-to-End Solutions for On-Demand Fashionx and Textile Production,” in which it announced that it has entered into a definitive agreement to acquire Lichtenau, Germany-based Tesoma GmbH. The acquisition is expected to be completed on or before April 1, 2022, following the satisfactory completion of business transition and integration plans.
A copy of that press release is furnished as Exhibit 99.1 hereto.
The contents of this Form 6-K (excluding the contents of Exhibit 99.1 hereto) are hereby incorporated by reference into the Company’s Registration Statements on Form F-3 (File No. 333-248784) and Form S-8 (File No.’s 333-203970, 333-214015, 333-217039, 333-223794, 333-230567, 333-237346 and 333-254749).
|99.1||Press Release dated January 25, 2022, entitled “Kornit Digital to Acquire Tesoma, Enhancing Range of End-to-End Solutions for On-Demand Fashionx and Textile Production”|
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
|KORNIT DIGITAL LTD.|
|Date: January 25, 2022||By:||/s/ Alon Rozner|
|Title:||Chief Financial Officer|
12 Ha`Amal St., Afek Park,
Rosh-Ha`Ayin 4809246, Israel
Kornit Digital to Acquire Tesoma, Enhancing Range of End-to-End Solutions for On-Demand Fashionx and Textile Production
Executing on strategic pillar of digitizing production floor with a smart, seamless, and sustainable end-to-end workflow
Andrew G. Backman
Global Head of Investor Relations
January 25, 2022, Rosh Ha’ayn, Israel – Kornit Digital Ltd. (NASDAQ: KRNT), a worldwide market leader in sustainable, on-demand, digital fashionx and textile production technologies, announced today that it has entered into a definitive agreement to acquire Lichtenau, Germany-based Tesoma.
Tesoma is globally recognized for the high-quality engineering and performance of its cutting-edge textile curing solutions. Tesoma’s technology and solutions align with Kornit’s strategy to add smart automation capabilities within its innovative sustainable on-demand production solutions, empowering customers to improve productivity, optimize quality, and reduce the total cost of ownership—all in a more sustainable production environment.
“Kornit is writing the operating system for on-demand sustainable fashionx. Digitizing the production floor is a key pillar of our strategy and the acquisition of Tesoma will allow us to continue accelerating on our mission to transform this industry, with innovative and sustainable, never-before-seen, on-demand textile production solutions,” said Ronen Samuel, Kornit Digital Chief Executive Officer. “We’ve been working with Tesoma’s phenomenal engineering team on revolutionary product innovations and unique integration concepts, and I am very excited with our immediate and longer-term roadmap plans.”
“We are excited to join the Kornit team and be an integral part of its journey to transform the fashion and textile industry. As partners, we have been working closely together with Kornit on innovative next-generation solutions and we are enthusiastic to join forces, as one team, and accelerate Kornit’s mission to elevate the industry standard, with intelligent user functionalities and industry 4.0 connectivity,” said Andreas Irmscher, Manager of Design Engineering at Tesoma. “Together, we will heighten the market’s expectations for clean, efficient, automated on-demand production, with a fully integrated solution that yields a superior, brilliant impression every time.”
The acquisition is expected to be completed on or before April 1, 2022, following the satisfactory completion of business transition and integration plans.
About Kornit Digital
Kornit Digital (NASDAQ: KRNT) is a worldwide market leader in sustainable, on-demand, digital fashionx and textile production technologies. The company is writing the operating system for on-demand fashion production with end-to-end solutions including digital printing systems, inks, consumables, software solutions, and an entire global ecosystem that manages workflows and fulfillment. Headquartered in Israel with offices in the USA, Europe, and Asia Pacific, Kornit Digital serves customers in more than 100 countries and states worldwide. To learn more about how Kornit Digital is boldly transforming the world of fashion and textiles, visit www.kornit.com.