Deal sells shares via MDB Capital Group with $1.88 million greenshoe
By Devika Patel
Knoxville, Tenn., Dec. 22 – Pulse Biosciences, Inc. priced its $20 million initial public offering of stock with a $3 million greenshoe, according to a Form S-1 filed Tuesday with the Securities and Exchange Commission.
The company will sell 5 million common shares at $4.00 per share on a firm commitment basis.
MDB Capital Group, LLC is the underwriter.
Proceeds will be used for research and development and general corporate purposes.
The medical device company is based in Burlingame, Calif. It expects its shares to trade on the Nasdaq.
| Issuer: | Ideal Power Inc.
|
| Issue: | Common stock
|
| Amount: | $20 million
|
| Greenshoe: | $3 million, or 750,000 shares
|
| Shares: | 5 million
|
| Price: | $4.00
|
| Warrants: | No
|
| Underwriter: | MDB Capital Group, LLC
|
| Pricing date: | Dec. 22
|
| Stock exchange: | Nasdaq
|
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