Jacada Ltd. (OTCPK:JCDA.F) entered into a securities purchase agreement for a private placement of 261,287 ordinary shares at $5.25 per share for gross proceeds of $1,371,757 from new investor, Israel Growth Partners on September 29, 2016. The company will issue the securities pursuant to exemption provided under Regulation D. The transaction is required to obtain the approval from the shareholders of the company.