On May 23, 2018, we published revised versions of our Privacy Policy and User Agreements. Please read these updated terms and take some time to understand them. Your use of our services is subject to these revised terms.
Yes, I Agree.

NetworkNewsBreaks – Infobird Co. Ltd. (NASDAQ: IFBD) Announces Exercise, Closing of Underwriters’ Over-Allotment Option in IPO

Company: Infobird Co. Ltd (IFBD)
Category: News

Infobird (NASDAQ: IFBD), a software-as-a-service (“SaaS”) provider of AI-powered customer engagement solutions in China, today announced the partial exercise and closing of the underwriters’ over-allotment option in connection with its previously announced underwritten initial public offering. According to the update, Infobird secured gross proceeds of $500,000, before underwriting discounts and commissions and offering expenses, through the issuance and sale of an additional 125,000 ordinary shares, each at a public offering price of $4.00. After giving effect to the partial exercise of the underwriters’ over-allotment option, the total number of ordinary shares sold by Infobird in the initial public offering was 6,375,000 and gross proceeds were $25,500,000. The offering was conducted on a firm commitment basis with all ordinary shares offered by Infobird. WestPark Capital Inc. acted as the book-running manager for the offering.

To view the full press release, visit https://nnw.fm/AXZbN

About Infobird Co. Ltd.

Infobird, headquartered in Beijing, China, is a software-as-a-service provider of innovative AI-powered or enabled customer engagement solutions. For more information about the company, visit www.Infobird.com.

NOTE TO INVESTORS: The latest news and updates relating to IFBD are available in the company’s newsroom at https://nnw.fm/IFBD

About NetworkNewsWire

NetworkNewsWire (NNW) is an information service that provides (1) access to our news aggregation and syndication servers, (2) NetworkNewsBreaks that summarize corporate news and information, (3) enhanced press release services, (4) social media distribution and optimization services, and (5) a full array of corporate communication solutions. As a multifaceted financial news and content distribution company with an extensive team of contributing journalists and writers, NNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. NNW has an ever-growing distribution network of more than 5,000 key syndication outlets across the country. By cutting through the overload of information in today’s market, NNW brings its clients unparalleled visibility, recognition and brand awareness. NNW is where news, content and information converge.

To receive SMS text alerts from NetworkNewsWire, text “STOCKS” to 77948 (U.S. Mobile Phones Only)

For more information please visit https://www.NetworkNewsWire.com

Please see full terms of use and disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer

NetworkNewsWire (NNW)
New York, New York
www.NetworkNewsWire.com
212.418.1217 Office
Editor@NetworkNewsWire.com

NetworkNewsWire is part of the InvestorBrandNetwork

NetworkNewsWire Currently Accepts

Bitcoin

Bitcoin

Bitcoin Cash

Bitcoin Cash

Ethereum

Ethereum

Litecoin

Litecoin

USD Coin

USD Coin

Contact us: 212.418.1217