Ecolomondo to price IPO of 2 million shares between $6.50 and $7.50

Bookrunner Chardan Capital Markets helps fund projects and expansion

By Devika Patel

Knoxville, Tenn., March 26 – Ecolomondo Corp. Inc. will sell 2 million class A common shares in its initial public offering with a 45-day, 15% greenshoe, according to a Form F-1 filed Thursday with the Securities and Exchange Commission. The company has registered up to $16.1 million of stock.

The shares will be sold at a price expected to fall between $6.50 and $7.50 per share.

Chardan Capital Markets, LLC is the bookrunner.

Proceeds will be used for projects and expansion, including working capital.

The clean tech company is based in St. Laurent, Quebec. It expects its shares will trade on the Nasdaq under the symbol “EECO.”

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