Self-underwritten, best efforts offering conducted at $0.50 per unit
By Devika Patel
Knoxville, Tenn., March 22 – Bare Metal Standard, Inc. priced its $3 million initial public offering of units, according to a Form S-1 filed Tuesday with the Securities and Exchange Commission.
The company will sell 6 million units of one common share and one warrant at $0.50 per unit on a self-underwritten, best efforts basis.
The Boise, Idaho, company conducts commercial kitchen grease exhaust system cleaning. The company expects its shares to trade on the OTCBB exchange.
| Issuer: | Bare Metal Standard, Inc.
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| Issue: | Units of one common share and one warrant
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| Amount: | $3 million
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| Units: | 6 million
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| Price: | $0.50
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| Warrants: | One warrant per unit
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| Pricing date: | March 22
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| Stock exchange: | OTCBB
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