{"url_path":"/sec/mtekw/10-k/2026/item-14","section_key":"item-14","section_title":"Item 14 MATERIAL MODIFICATIONS TO THE RIGHTS OF SECURITY HOLDERS","topic":"sec","document":{"doc_type":"20-F","doc_date":"2026-05-15","source_url":"https://www.sec.gov/Archives/edgar/data/1872964/0001213900-26-057766-index.html","accession_number":"0001213900-26-057766","cik":"0001872964","ticker":"MTEK","issuer_name":"Maris Tech Ltd.","edgar_url":"https://www.sec.gov/Archives/edgar/data/1872964/0001213900-26-057766-index.html","primary_entity_key":"0001872964","primary_entity_name":"Maris Tech Ltd."},"word_count":135,"has_tables":true,"body_markdown":"** **\n\n**ITEM 14. MATERIAL MODIFICATIONS TO THE RIGHTS OF SECURITY HOLDERS\nAND USE OF PROCEEDS**\n\n \n\nIn connection with the IPO\n(including over-allotment and Pre-Funded Warrant exercises), we issued and sold 4,244,048 Ordinary Shares and Warrants to purchase up\nto 4,244,048 Ordinary Shares and received aggregate gross proceeds of approximately $17.8 million, before deducting underwriting discounts,\ncommissions and offering expenses.\n\n \n\nThe net proceeds from the\noffering have been used, and are expected to continue to be used, for the following purposes:\n\n \n\n \n●\napproximately $4.0 million for research and development of new technologies as well as existing products;\n\n \n\n \n●\napproximately $4.0 million for marketing and sales efforts in new territories (with emphasis on the U.S. market);\n\n \n\n \n●\napproximately $1.2 million for the repayment of certain outstanding loans; and\n\n \n\n \n●\nthe remainder for working capital and general corporate purposes."}