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.
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IMPORTANCE 80
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