Impact BioMedical Inc. Moves Forward with IPO Planning
Impact BioMedical Inc. Pricing Details of Initial Public Offering
Impact BioMedical Inc. (NYSE American: IBO), a pioneering company in human healthcare and wellness innovation, has officially announced the pricing of its initial public offering (IPO). The IPO will consist of 1,500,000 shares being offered at a price of $3.00 per share. This marks a significant milestone for the company as it prepares to trade on the NYSE American Market under the ticker symbol "IBO." These shares are anticipated to be accessible for trading soon.
Closing and Underwriting Opportunities
The offering is expected to reach its closure shortly, pending the satisfaction of standard closing conditions. As part of this process, Impact BioMedical has authorized the underwriters a 45-day option to acquire an additional 225,000 shares of common stock under the same conditions of the public offering. All shares available for this offering are provided directly through Impact BioMedical. Revere Securities, LLC will play a crucial role as the book-running manager overseeing this offering.
Warrants Issued to Underwriters
In a strategic decision to empower its underwriters, Impact BioMedical will issue warrants allowing the purchase of up to 75,000 shares of common stock. If the over-allotment option is fully exercised, this number could rise to 86,250 shares. These warrants will enable the underwriters the right to buy shares at 125% of the IPO price and will be exercisable from nine months after the offering proceeds until three years thereafter. This gesture illustrates the company's commitment to its partners and to fostering an efficient market presence.
About Impact BioMedical Inc.
Impact BioMedical Inc. focuses on the discovery, validation, and patenting of unique scientific advancements that lead to innovative healthcare and wellness products. The company actively seeks opportunities for licensing, co-development, and collaborative relationships to market its groundbreaking solutions. With a forward-looking approach, IBO aims to effectively bridge the gap between research and practical application in health.
Media and Investor Relations Contact
For media inquiries, please reach out to Emily Martin via email at emartin@impactbiomedinc.com. Investors can also contact the company directly at info@impactbiomedinc.com.
Frequently Asked Questions
What is the purpose of Impact BioMedical's IPO?
Impact BioMedical's IPO aims to raise capital to further develop and market its innovative healthcare solutions, enhancing its presence in the industry.
When can investors expect shares to start trading?
The shares of Impact BioMedical are expected to commence trading on the NYSE American Market soon after the IPO closes.
Who is handling the underwriting for the IPO?
Revere Securities, LLC is serving as the book-running manager for the Impact BioMedical IPO.
What additional options do the underwriters have?
The underwriters have a 45-day option to purchase an extra 225,000 shares at the public offering price, enhancing their involvement in the offering.
How does Impact BioMedical collaborate to bring its products to market?
The company works closely with licensing partners and engages in co-development and joint ventures to effectively bring its healthcare innovations to market.
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