PublicSquare, a financial technology company, announced a $7.5 million registered direct offering of its Class A common stock and warrants.
The offering is at a combined purchase price of $1.10 per Share and accompanying warrant with an exercise price of $1.18 per share.
Roth Capital Partners is the exclusive placement agent for the offering.
Offering Details
6,818,184 shares of Class A common stock and warrants are being offered at $1.10 per Share and $1.18 per share exercise price.
Use of Proceeds
PublicSquare intends to use the net proceeds for general corporate purposes, including working capital.
Registration Statement
A shelf registration statement on Form S-3 was filed with the SEC on May 9, 2025, and declared effective on May 16, 2025.
- The offering is expected to bring in approximately $7.5 million in gross proceeds for PublicSquare before agent fees and expenses.
- This capital raise will support PublicSquare's expansion and general corporate operations.
The successful completion of this offering will bolster PublicSquare's financial position and support its ongoing growth and innovative initiatives in the financial technology space.