WhiteFiber announced the full exercise of the over-allotment option in its initial public offering of ordinary shares.
Underwriters purchased an additional 1,406,250 shares at $17.00 per share, generating approximately $23.9 million in gross proceeds.
Total shares sold increased to 10,781,250 with gross proceeds reaching around $183.3 million after the option exercise.
Full Exercise of Over-Allotment Option
Underwriters purchased 1,406,250 additional shares at $17.00 per share.
Increased Gross Proceeds
Gross proceeds rose to approximately $183.3 million after the option exercise.
Trading on Nasdaq
WhiteFiber's shares started trading on The Nasdaq Capital Market under the symbol "WYFI" on August 7, 2025.
- The exercise of the over-allotment option signifies strong investor demand for WhiteFiber's shares.
- The additional proceeds will support the company's growth and expansion initiatives in the AI infrastructure sector.
WhiteFiber's successful IPO and the full exercise of the over-allotment option reflect investor confidence in the company's AI infrastructure solutions.