Aether Holdings, Inc. announced the closing of its initial public offering on April 11, 2025. The company sold 1,800,000 shares of its common stock at a price of $4.30 per share. This resulted in gross proceeds of $7,740,000 and net proceeds of approximately $6,520,000 after deducting offering expenses.
The shares of Aether Holdings began trading on the Nasdaq Capital Market under the symbol "ATHR" on April 10, 2025. The capital raised from this offering is designated to support the company's growth objectives. These objectives include the design and development of new products and the expansion of its workforce.
Funds will also be allocated to sales and marketing expenses, as well as general corporate purposes and working capital. The successful completion of the IPO provides Aether Holdings with significant capital to accelerate its strategic initiatives as an emerging financial technology holding company.
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