Off The Hook YS Inc. announced the pricing of its initial public offering of 3,750,000 shares of common stock at $4.00 per share, generating $15,000,000 in gross proceeds.
The company granted underwriters an option to purchase an additional 562,500 shares of common stock.
Proceeds from the IPO will be used for working capital, marketing, property acquisition, and debt repayment.
IPO Pricing
3,750,000 shares offered at $4.00 per share.
Underwriters' Option
An additional 562,500 shares available for purchase.
Utilization of Proceeds
Funds to be used for working capital, marketing, property acquisition, and debt repayment.
- Off The Hook YS Inc. is poised to receive a significant influx of capital through the IPO.
- The company will have the financial resources to expand its operations and enhance its market presence.
The successful pricing of the IPO indicates investor confidence in Off The Hook YS Inc.'s future growth prospects and business strategy. The company is well-positioned to utilize the raised capital effectively and drive further success in the marine industry.