Infobird Co., Ltd Announces Closing of Initial Public Offering
23 April 2021 - 1:53AM
via InvestorWire – Infobird Co., Ltd (“Infobird”), a
software-as-a-service provider of innovative AI-powered, or
artificial intelligence enabled, customer engagement solutions in
China, announces the closing of its underwritten initial public
offering of 6,250,000 ordinary shares at a public offering price of
$4.00 per share, before underwriting discounts and commissions,
resulting in gross proceeds of $25,000,000, before underwriting
discounts and commissions and offering expenses. The offering was
conducted on a firm commitment basis. All of the ordinary shares
were offered by Infobird.
The ordinary shares were approved for listing on
The Nasdaq Capital Market and commenced trading under the ticker
symbol “IFBD” on April 20, 2021.
WestPark Capital, Inc. (“WestPark Capital”)
acted as the book-running manager for the offering. Infobird has
granted the underwriters a 45-day option to purchase up to an
additional 937,500 ordinary shares at the initial public offering
price, less underwriting discounts and commissions, to cover
over-allotments, if any.
A registration statement on Form F-1 (File No.
333-251234), as amended, including a prospectus relating to the
offering, was filed with the U.S. Securities and Exchange
Commission (the “SEC”) and was declared effective by the SEC on
March 31, 2021. The offering of the ordinary shares was made only
by means of a prospectus. Copies of the final prospectus relating
to the offering may be obtained on the SEC’s website at www.sec.gov
and may also be obtained from WestPark Capital, Inc., 1900 Avenue
of the Stars, Suite 300, Los Angeles, CA, 90067, or by email at
jstern@wpcapital.com.
Before you invest, you should read the
prospectus and other documents Infobird has filed or will file with
the SEC for more complete information about Infobird and the
offering. This press release shall not constitute an offer to sell
or the solicitation of an offer to buy, nor shall there be any sale
of these securities in any state or jurisdiction in which such
offer, solicitation, or sale would be unlawful prior to
registration or qualification under the securities laws of any such
state or jurisdiction.
About Infobird Co., Ltd
Infobird, headquartered in Beijing, China, is a
software-as-a-service provider of innovative AI-powered, or
artificial intelligence enabled, customer engagement solutions in
China. For more information, visit Infobird’s website at
www.Infobird.com.
About WestPark Capital, Inc.
WestPark Capital is a full-service investment
bank focused on emerging growth sectors such as healthcare,
software, technology, biotechnology, financial services,
manufacturing, consumer products, media and telecom industries,
among other categories. WestPark Capital provides a comprehensive
range of corporate finance services, including initial public
offerings, follow-on offerings, ATMs, Registered Direct Offerings
(RD), CMPOs, private placements, SIPOs and corporate finance
advisory services. Additional information about WestPark Capital is
available at www.wpcapital.com or by email at
info@wpcapital.com.
Contacts
Infobird Contact Infobird Co., LtdYimin
Wu, Chief Executive Officer and Chairman of the Board of
Directorswuym@infobird.com86-010-52411819
Corporate Communications: InvestorBrandNetwork
(IBN) Los Angeles, California www.InvestorBrandNetwork.com
310.299.1717 Office Editor@InvestorBrandNetwork.com
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