[SCHEDULE 13D/A] Allot Ltd. SEC Filing
Schedule 13D/A Amendment No. 5 discloses that investment firm Lynrock Lake LP, its affiliate Lynrock Lake Partners LLC and Chief Investment Officer Cynthia Paul now beneficially own 10,018,661 ordinary shares of Allot Ltd. (ALLT), equal to 21.8 % of the outstanding shares following the issuer鈥檚 June 2025 public offering.
Key transaction: on 24 June 2025, Lynrock Fund agreed to a partial cash repayment and partial equity conversion of its $40 million senior unsecured convertible promissory note:
- $31.41 million principal repaid in cash at the closing of the offering on 26 June 2025.
- $8.59 million principal converted into 1,249,995 ordinary shares at a price based on the $8.00 offering price.
Post-offering share count referenced by the filer is 45,994,386 ordinary shares plus 1,666 RSUs settled for Ms. Paul. Voting and dispositive power over the Lynrock Fund position is held solely by Lynrock Lake LP; Ms. Paul may be deemed to control those powers through her roles in the investment manager and general partner.
Lock-up: Lynrock Fund, Ms. Paul and other insiders have signed a standard 75-day lock-up agreement covering the newly issued shares.
Emendamento n. 5 al Schedule 13D/A rivela che la societ脿 di investimento Lynrock Lake LP, la sua affiliata Lynrock Lake Partners LLC e la Chief Investment Officer Cynthia Paul detengono ora in modo beneficiario 10.018.661 azioni ordinarie di Allot Ltd. (ALLT), pari al 21,8% delle azioni in circolazione dopo l'offerta pubblica dell'emittente di giugno 2025.
Transazione chiave: il 24 giugno 2025, Lynrock Fund ha concordato un rimborso parziale in contanti e una conversione parziale in capitale del suo nota convertibile senior non garantita da 40 milioni di dollari:
- 31,41 milioni di dollari di capitale rimborsati in contanti alla chiusura dell'offerta il 26 giugno 2025.
- 8,59 milioni di dollari di capitale convertiti in 1.249.995 azioni ordinarie a un prezzo basato sul prezzo di offerta di 8,00 dollari.
Il numero di azioni post-offerta indicato dal dichiarante 猫 di 45.994.386 azioni ordinarie pi霉 1.666 RSU assegnate a Ms. Paul. Il potere di voto e disposizione sulla posizione del Lynrock Fund 猫 detenuto esclusivamente da Lynrock Lake LP; Ms. Paul pu貌 essere considerata come detentrice di questi poteri attraverso i suoi ruoli nel gestore degli investimenti e nel partner generale.
Lock-up: Lynrock Fund, Ms. Paul e altri insider hanno firmato un consueto accordo di lock-up di 75 giorni che copre le azioni di nuova emissione.
Enmienda No. 5 al Schedule 13D/A revela que la firma de inversi贸n Lynrock Lake LP, su afiliada Lynrock Lake Partners LLC y la Directora de Inversiones Cynthia Paul poseen ahora beneficiosamente 10,018,661 acciones ordinarias de Allot Ltd. (ALLT), equivalentes al 21.8 % de las acciones en circulaci贸n tras la oferta p煤blica de junio de 2025 del emisor.
Transacci贸n clave: el 24 de junio de 2025, Lynrock Fund acord贸 un reembolso parcial en efectivo y una conversi贸n parcial a capital de su nota convertible senior no garantizada de 40 millones de d贸lares:
- 31.41 millones de d贸lares de principal reembolsados en efectivo al cierre de la oferta el 26 de junio de 2025.
- 8.59 millones de d贸lares de principal convertidos en 1,249,995 acciones ordinarias a un precio basado en el precio de oferta de 8.00 d贸lares.
El recuento de acciones post-oferta referido por el declarante es de 45,994,386 acciones ordinarias m谩s 1,666 RSU asignadas a la Sra. Paul. El poder de voto y disposici贸n sobre la posici贸n de Lynrock Fund lo tiene exclusivamente Lynrock Lake LP; la Sra. Paul puede considerarse que controla esos poderes a trav茅s de sus roles en el gestor de inversiones y socio general.
Lock-up: Lynrock Fund, la Sra. Paul y otros insiders han firmado un est谩ndar acuerdo de lock-up de 75 d铆as que cubre las acciones reci茅n emitidas.
Schedule 13D/A 靾橃爼 鞝�5順�鞐� 霐半ゴ氅� 韴瀽須岇偓 Lynrock Lake LP, 攴� 瓿勳棿靷� Lynrock Lake Partners LLC 氚� 斓滉碃韴瀽毂呾瀯鞛� Cynthia Paul臧赌 Allot Ltd. (ALLT)鞚� 10,018,661 氤错喌欤�毳� 鞁れ鞝侅溂搿� 氤挫湢頃橁碃 鞛堨溂氅�, 鞚措姅 氚滍枆靷潣 2025雲� 6鞗� 瓿惦 頉� 氚滍枆欤检嫕鞚� 21.8%鞐� 頃措嫻頃╇媹雼�.
欤检殧 瓯半灅: 2025雲� 6鞗� 24鞚�, Lynrock Fund電� 4觳滊 雼煬 攴滊鞚� 靹犾垳鞙� 氍措嫶氤� 鞝勴櫂靷眲鞐� 雽�頃� 鞚茧秬 順勱笀 靸來櫂瓿� 鞚茧秬 欤检嫕 鞝勴櫂鞐� 頃╈潣頄堨姷雼堧嫟:
- 3,141毵� 雼煬 鞗愱笀鞚赌 2025雲� 6鞗� 26鞚� 瓿惦 膦呺 鞁� 順勱笀鞙茧 靸來櫂.
- 859毵� 雼煬 鞗愱笀鞚赌 1,249,995 氤错喌欤�搿� 鞝勴櫂霅橃棃鞙茧┌, 鞝勴櫂 臧赌瓴╈潃 8.00雼煬 瓿惦臧赌 旮办鞛呺媹雼�.
鞁犼窚 瓿惦 頉� 氚滍枆欤检嫕 靾橂姅 45,994,386 氤错喌欤�鞕� Ms. Paul鞐愱矊 歆�旮夒悳 1,666 RSU臧赌 韽暔霅╇媹雼�. Lynrock Fund 歆�攵勳棎 雽�頃� 鞚橁舶甓� 氚� 觳橂秳 甓岉暅鞚� Lynrock Lake LP臧赌 雼弲鞙茧 氤挫湢頃橂┌, Ms. Paul鞚� 韴瀽 甏�毽瀽 氚� 鞚茧皹 韺岉姼雱堧靹� 頃措嫻 甓岉暅鞚� 韱奠牅頃橂姅 瓴冹溂搿� 臧勳＜霅� 靾� 鞛堨姷雼堧嫟.
霛届梾: Lynrock Fund, Ms. Paul 氚� 旮绊儉 雮措秬鞛愲姅 鞁犼窚 氚滍枆 欤检嫕鞐� 雽�頃� 響滌 75鞚� 霛届梾 瓿勳暯鞐� 靹滊獏頄堨姷雼堧嫟.
Amendement n掳5 au Schedule 13D/A r茅v猫le que la soci茅t茅 d鈥檌nvestissement Lynrock Lake LP, sa filiale Lynrock Lake Partners LLC et la Directrice des Investissements Cynthia Paul d茅tiennent d茅sormais de mani猫re b茅n茅ficiaire 10 018 661 actions ordinaires de Allot Ltd. (ALLT), soit 21,8 % des actions en circulation apr猫s l鈥檕ffre publique de juin 2025 de l鈥櫭﹎etteur.
Transaction cl茅 : le 24 juin 2025, Lynrock Fund a convenu d鈥檜n remboursement partiel en esp猫ces et d鈥檜ne conversion partielle en actions de sa obligation convertible senior non garantie de 40 millions de dollars :
- 31,41 millions de dollars de principal rembours茅s en esp猫ces 脿 la cl么ture de l鈥檕ffre le 26 juin 2025.
- 8,59 millions de dollars de principal convertis en 1 249 995 actions ordinaires au prix bas茅 sur le prix d鈥檕ffre de 8,00 dollars.
Le nombre d鈥檃ctions post-offre indiqu茅 par le d茅posant est de 45 994 386 actions ordinaires plus 1 666 RSU attribu茅es 脿 Mme Paul. Le pouvoir de vote et de disposition sur la position de Lynrock Fund est d茅tenu exclusivement par Lynrock Lake LP ; Mme Paul peut 锚tre consid茅r茅e comme contr么lant ces pouvoirs par ses r么les dans le gestionnaire d鈥檌nvestissement et le partenaire g茅n茅ral.
Lock-up : Lynrock Fund, Mme Paul et d鈥檃utres initi茅s ont sign茅 un accord de lock-up standard de 75 jours couvrant les actions nouvellement 茅mises.
Schedule 13D/A 脛nderung Nr. 5 offenbart, dass die Investmentgesellschaft Lynrock Lake LP, ihre Tochtergesellschaft Lynrock Lake Partners LLC und die Chief Investment Officer Cynthia Paul nun 10.018.661 Stammaktien von Allot Ltd. (ALLT) wirtschaftlich besitzen, was 21,8 % der ausstehenden Aktien nach dem B枚rsengang des Emittenten im Juni 2025 entspricht.
Wichtige Transaktion: Am 24. Juni 2025 vereinbarte der Lynrock Fund eine teilweise Bar-R眉ckzahlung und teilweise Kapitalumwandlung seiner 40 Millionen US-Dollar Senior unbesicherten wandelbaren Schuldverschreibung:
- 31,41 Millionen US-Dollar Kapital wurden beim Closing des B枚rsengangs am 26. Juni 2025 bar zur眉ckgezahlt.
- 8,59 Millionen US-Dollar Kapital wurden in 1.249.995 Stammaktien zu einem Preis basierend auf dem 8,00 US-Dollar Angebotspreis umgewandelt.
Die vom Melder angegebene Aktienanzahl nach dem B枚rsengang betr盲gt 45.994.386 Stammaktien zuz眉glich 1.666 RSUs, die an Frau Paul ausgegeben wurden. Das Stimm- und Verf眉gungsrecht 眉ber die Position des Lynrock Funds liegt ausschlie脽lich bei Lynrock Lake LP; Frau Paul kann diese Rechte durch ihre Rollen im Investmentmanager und Generalpartner kontrollieren.
Lock-up: Lynrock Fund, Frau Paul und weitere Insider haben eine standardm盲脽ige 75-t盲gige Lock-up-Vereinbarung f眉r die neu ausgegebenen Aktien unterzeichnet.
- $31.41 million cash repayment materially reduces the outstanding principal of Allot鈥檚 2022 convertible note.
- Only $8.59 million of the note converts, capping dilution at 1,249,995 shares (鈮�2.7 % of prior float).
- Lynrock Lake maintains a substantial 21.8 % ownership stake, signalling continued commitment.
- A 75-day lock-up restricts insider sales in the near term, supporting share-price stability.
- Issuance of 1,249,995 new shares increases the share count and dilutes existing holders.
- The lock-up expires after 75 days, potentially creating a supply overhang once restrictions lift.
Insights
TL;DR 鈥� Large holder converts $8.6 M note, cuts debt and maintains 21.8 % stake.
The amendment confirms Lynrock Lake鈥檚 continued status as Allot鈥檚 largest shareholder with a 21.8 % holding. The $31.41 M cash repayment and $8.59 M conversion eliminate the bulk of the 2022 convertible note, materially reducing leverage while fixing dilution at roughly 1.25 M shares (鈮�2.7 % of the pre-offering float). Because the transaction was executed at the public offering price of $8.00, it aligns Lynrock with outside investors and avoids a deeper discount. The 75-day lock-up limits immediate secondary supply risk but sets a short-term overhang once it expires. Overall, the filing is mildly positive: leverage falls, alignment increases, dilution is defined and relatively modest.
Emendamento n. 5 al Schedule 13D/A rivela che la societ脿 di investimento Lynrock Lake LP, la sua affiliata Lynrock Lake Partners LLC e la Chief Investment Officer Cynthia Paul detengono ora in modo beneficiario 10.018.661 azioni ordinarie di Allot Ltd. (ALLT), pari al 21,8% delle azioni in circolazione dopo l'offerta pubblica dell'emittente di giugno 2025.
Transazione chiave: il 24 giugno 2025, Lynrock Fund ha concordato un rimborso parziale in contanti e una conversione parziale in capitale del suo nota convertibile senior non garantita da 40 milioni di dollari:
- 31,41 milioni di dollari di capitale rimborsati in contanti alla chiusura dell'offerta il 26 giugno 2025.
- 8,59 milioni di dollari di capitale convertiti in 1.249.995 azioni ordinarie a un prezzo basato sul prezzo di offerta di 8,00 dollari.
Il numero di azioni post-offerta indicato dal dichiarante 猫 di 45.994.386 azioni ordinarie pi霉 1.666 RSU assegnate a Ms. Paul. Il potere di voto e disposizione sulla posizione del Lynrock Fund 猫 detenuto esclusivamente da Lynrock Lake LP; Ms. Paul pu貌 essere considerata come detentrice di questi poteri attraverso i suoi ruoli nel gestore degli investimenti e nel partner generale.
Lock-up: Lynrock Fund, Ms. Paul e altri insider hanno firmato un consueto accordo di lock-up di 75 giorni che copre le azioni di nuova emissione.
Enmienda No. 5 al Schedule 13D/A revela que la firma de inversi贸n Lynrock Lake LP, su afiliada Lynrock Lake Partners LLC y la Directora de Inversiones Cynthia Paul poseen ahora beneficiosamente 10,018,661 acciones ordinarias de Allot Ltd. (ALLT), equivalentes al 21.8 % de las acciones en circulaci贸n tras la oferta p煤blica de junio de 2025 del emisor.
Transacci贸n clave: el 24 de junio de 2025, Lynrock Fund acord贸 un reembolso parcial en efectivo y una conversi贸n parcial a capital de su nota convertible senior no garantizada de 40 millones de d贸lares:
- 31.41 millones de d贸lares de principal reembolsados en efectivo al cierre de la oferta el 26 de junio de 2025.
- 8.59 millones de d贸lares de principal convertidos en 1,249,995 acciones ordinarias a un precio basado en el precio de oferta de 8.00 d贸lares.
El recuento de acciones post-oferta referido por el declarante es de 45,994,386 acciones ordinarias m谩s 1,666 RSU asignadas a la Sra. Paul. El poder de voto y disposici贸n sobre la posici贸n de Lynrock Fund lo tiene exclusivamente Lynrock Lake LP; la Sra. Paul puede considerarse que controla esos poderes a trav茅s de sus roles en el gestor de inversiones y socio general.
Lock-up: Lynrock Fund, la Sra. Paul y otros insiders han firmado un est谩ndar acuerdo de lock-up de 75 d铆as que cubre las acciones reci茅n emitidas.
Schedule 13D/A 靾橃爼 鞝�5順�鞐� 霐半ゴ氅� 韴瀽須岇偓 Lynrock Lake LP, 攴� 瓿勳棿靷� Lynrock Lake Partners LLC 氚� 斓滉碃韴瀽毂呾瀯鞛� Cynthia Paul臧赌 Allot Ltd. (ALLT)鞚� 10,018,661 氤错喌欤�毳� 鞁れ鞝侅溂搿� 氤挫湢頃橁碃 鞛堨溂氅�, 鞚措姅 氚滍枆靷潣 2025雲� 6鞗� 瓿惦 頉� 氚滍枆欤检嫕鞚� 21.8%鞐� 頃措嫻頃╇媹雼�.
欤检殧 瓯半灅: 2025雲� 6鞗� 24鞚�, Lynrock Fund電� 4觳滊 雼煬 攴滊鞚� 靹犾垳鞙� 氍措嫶氤� 鞝勴櫂靷眲鞐� 雽�頃� 鞚茧秬 順勱笀 靸來櫂瓿� 鞚茧秬 欤检嫕 鞝勴櫂鞐� 頃╈潣頄堨姷雼堧嫟:
- 3,141毵� 雼煬 鞗愱笀鞚赌 2025雲� 6鞗� 26鞚� 瓿惦 膦呺 鞁� 順勱笀鞙茧 靸來櫂.
- 859毵� 雼煬 鞗愱笀鞚赌 1,249,995 氤错喌欤�搿� 鞝勴櫂霅橃棃鞙茧┌, 鞝勴櫂 臧赌瓴╈潃 8.00雼煬 瓿惦臧赌 旮办鞛呺媹雼�.
鞁犼窚 瓿惦 頉� 氚滍枆欤检嫕 靾橂姅 45,994,386 氤错喌欤�鞕� Ms. Paul鞐愱矊 歆�旮夒悳 1,666 RSU臧赌 韽暔霅╇媹雼�. Lynrock Fund 歆�攵勳棎 雽�頃� 鞚橁舶甓� 氚� 觳橂秳 甓岉暅鞚� Lynrock Lake LP臧赌 雼弲鞙茧 氤挫湢頃橂┌, Ms. Paul鞚� 韴瀽 甏�毽瀽 氚� 鞚茧皹 韺岉姼雱堧靹� 頃措嫻 甓岉暅鞚� 韱奠牅頃橂姅 瓴冹溂搿� 臧勳＜霅� 靾� 鞛堨姷雼堧嫟.
霛届梾: Lynrock Fund, Ms. Paul 氚� 旮绊儉 雮措秬鞛愲姅 鞁犼窚 氚滍枆 欤检嫕鞐� 雽�頃� 響滌 75鞚� 霛届梾 瓿勳暯鞐� 靹滊獏頄堨姷雼堧嫟.
Amendement n掳5 au Schedule 13D/A r茅v猫le que la soci茅t茅 d鈥檌nvestissement Lynrock Lake LP, sa filiale Lynrock Lake Partners LLC et la Directrice des Investissements Cynthia Paul d茅tiennent d茅sormais de mani猫re b茅n茅ficiaire 10 018 661 actions ordinaires de Allot Ltd. (ALLT), soit 21,8 % des actions en circulation apr猫s l鈥檕ffre publique de juin 2025 de l鈥櫭﹎etteur.
Transaction cl茅 : le 24 juin 2025, Lynrock Fund a convenu d鈥檜n remboursement partiel en esp猫ces et d鈥檜ne conversion partielle en actions de sa obligation convertible senior non garantie de 40 millions de dollars :
- 31,41 millions de dollars de principal rembours茅s en esp猫ces 脿 la cl么ture de l鈥檕ffre le 26 juin 2025.
- 8,59 millions de dollars de principal convertis en 1 249 995 actions ordinaires au prix bas茅 sur le prix d鈥檕ffre de 8,00 dollars.
Le nombre d鈥檃ctions post-offre indiqu茅 par le d茅posant est de 45 994 386 actions ordinaires plus 1 666 RSU attribu茅es 脿 Mme Paul. Le pouvoir de vote et de disposition sur la position de Lynrock Fund est d茅tenu exclusivement par Lynrock Lake LP ; Mme Paul peut 锚tre consid茅r茅e comme contr么lant ces pouvoirs par ses r么les dans le gestionnaire d鈥檌nvestissement et le partenaire g茅n茅ral.
Lock-up : Lynrock Fund, Mme Paul et d鈥檃utres initi茅s ont sign茅 un accord de lock-up standard de 75 jours couvrant les actions nouvellement 茅mises.
Schedule 13D/A 脛nderung Nr. 5 offenbart, dass die Investmentgesellschaft Lynrock Lake LP, ihre Tochtergesellschaft Lynrock Lake Partners LLC und die Chief Investment Officer Cynthia Paul nun 10.018.661 Stammaktien von Allot Ltd. (ALLT) wirtschaftlich besitzen, was 21,8 % der ausstehenden Aktien nach dem B枚rsengang des Emittenten im Juni 2025 entspricht.
Wichtige Transaktion: Am 24. Juni 2025 vereinbarte der Lynrock Fund eine teilweise Bar-R眉ckzahlung und teilweise Kapitalumwandlung seiner 40 Millionen US-Dollar Senior unbesicherten wandelbaren Schuldverschreibung:
- 31,41 Millionen US-Dollar Kapital wurden beim Closing des B枚rsengangs am 26. Juni 2025 bar zur眉ckgezahlt.
- 8,59 Millionen US-Dollar Kapital wurden in 1.249.995 Stammaktien zu einem Preis basierend auf dem 8,00 US-Dollar Angebotspreis umgewandelt.
Die vom Melder angegebene Aktienanzahl nach dem B枚rsengang betr盲gt 45.994.386 Stammaktien zuz眉glich 1.666 RSUs, die an Frau Paul ausgegeben wurden. Das Stimm- und Verf眉gungsrecht 眉ber die Position des Lynrock Funds liegt ausschlie脽lich bei Lynrock Lake LP; Frau Paul kann diese Rechte durch ihre Rollen im Investmentmanager und Generalpartner kontrollieren.
Lock-up: Lynrock Fund, Frau Paul und weitere Insider haben eine standardm盲脽ige 75-t盲gige Lock-up-Vereinbarung f眉r die neu ausgegebenen Aktien unterzeichnet.
FAQ
How many Allot (ALLT) shares does Lynrock Lake now own?
What happened to Allot鈥檚 $40 million convertible note held by Lynrock?
Will Lynrock Lake be able to sell its new shares immediately?
What share count did the filing use to calculate ownership percentages?
Did any other transactions occur in the past 60 days?
