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Mobile-health Network Solutions Announces Pricing of $9 Million Initial Public Offering [Yahoo! Finance]

Network-1 Technologies, Inc. (NTIP) 
NASDAQ:AMEX Investor Relations: ir.network-1.com
Company Research Source: Yahoo! Finance
in Singapore, today announced the pricing of its firm commitment initial public offering of an aggregate 2,250,000 Class A Ordinary Shares (the “ Offering ”). The Offering is priced at $4.00 per share (the “ Offering Price ”). The Company has granted the underwriter a 45-day option to purchase up to an additional 337,500 Class A Ordinary Shares at the Offering Price, representing 15% of the Class A Ordinary Shares sold in the Offering (the “ Over-allotment ”). Assuming that the Over-allotment is exercised, the Company is expected to receive gross proceeds amounting to $10.35 million, before deducting underwriting discounts and commissions and estimated offering expenses. The shares are expected to begin trading on the NASDAQ Stock Market LLC under the ticker symbol “ MNDR ” on April 10, 2024 . The Offering is expected to close on or about April 12, 2024, subject to the satisfaction of customary closing conditions. Network 1 Financial Securities, Inc. (“ Network 1 ”), a full-se Show less Read more
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