CleanCore Solutions, Inc. Announces Pricing Of $5M Initial Public Offering Of 1.25M Shares Of Common Stock A Price Of $4/Share
Portfolio Pulse from Benzinga Newsdesk
CleanCore Solutions, Inc. (NYSE:ZONE) announced its IPO pricing at $4 per share, offering 1.25M shares for total proceeds of $5M. The shares will start trading on NYSE American on April 26, 2024. The net proceeds, expected to be about $3.76M after expenses, will be used for debt repayment, R&D, intellectual property, and general corporate purposes. Boustead Securities, LLC is the sole book-running manager. An additional 187,500 shares may be offered under a 45-day option to the underwriters.
April 26, 2024 | 12:47 pm
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CleanCore Solutions, Inc. announces its IPO pricing at $4 per share with 1.25M shares offered, aiming to raise $5M. Trading on NYSE American begins April 26, 2024.
The announcement of CleanCore Solutions' IPO and its pricing details are directly related to the company's stock (ZONE). The successful completion of this IPO could lead to increased investor interest and potentially a positive impact on the stock price in the short term, especially as the funds raised are earmarked for critical areas such as debt repayment and R&D.
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