ParaZero Technologies Ltd. Announces Pricing Of $7.8M Initial Public Offering Of 1.95M Shares At An Average Price Of $4/Share
Portfolio Pulse from Happy Mohamed
ParaZero Technologies Ltd. has announced the pricing of its initial public offering (IPO) of 1.95 million shares at $4.00 per share, expected to start trading on The Nasdaq Capital Market under the ticker symbol PRZO on July 27, 2023. The gross proceeds are expected to be $7.8 million. Aegis Capital Corp. has been granted a 45-day option to purchase up to 292,500 additional shares. The net proceeds will be used for R&D, marketing, sales, discharging certain debts, working capital, and possible future acquisitions.
July 27, 2023 | 3:26 pm
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ParaZero's IPO is expected to raise $7.8M, with shares priced at $4. The proceeds will be used for various corporate purposes including R&D, marketing, sales, and possible future acquisitions.
The IPO announcement is directly related to ParaZero and will likely have a significant impact on its stock price. The funds raised will be used for various corporate purposes, which could potentially drive future growth and profitability for the company.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100