Jupiter Wellness (NASDAQ: JUPW), a cutting-edge wellness brand dedicated to exploring the multiple therapeutic and medical uses of cannabidiol (“CBD”) via a multitude of convenient products, announced the closing of its initial public offering. The IPS comprised 933,333 units consisting of one share of common stock and one warrant, with gross proceeds of $7 million before offering expenses are deducted. The units were traded under the symbols of “JUPW” and “JUPWW” on the Nasdaq Capital Market beginning Oct. 30, 2020. Aegis Capital Corporation, which acted as the sole book running manager for the offering, also exercised an option to purchase up to 140,000 warrants. On Oct. 30, 2020, the Securities and Exchange Commission declared effective a registration statement regarding the securities sold in this IPO, which was being made by means of a prospectus only.
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About Jupiter Wellness Inc.
Jupiter Wellness is a cutting-edge wellness company developing a proprietary line of products designed to explore the multiple therapeutic and medical uses of cannabidiol (CBD). The company is dedicated to advancing research into the medical and therapeutic uses of CBD for treatment and relief of ultraviolet exposure, psoriasis, eczema, skin aging and other ailments. The company was formed in 2018 and is headquartered in Jupiter, Florida. For more information, please visit www.JupiterWellnessInc.com.
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