Aether Holdings, Inc. announced today the pricing of its initial public offering of 1,800,000 shares of common stock at $4.30 per share. This offering is expected to generate gross proceeds of approximately $7,740,000 for the company. The shares are approved for listing and are anticipated to begin trading on the Nasdaq Capital Market under the ticker symbol "ATHR" on Thursday, April 10, 2025.
The company expects to receive net proceeds from the offering, before deducting underwriting discounts and other expenses, to be used for several strategic initiatives. These include furthering the design and development of its products and funding sales and marketing expenses. Aether also plans to hire additional employees in key areas such as finance, accounting, sales, marketing, securities research, and copy editing, alongside general corporate purposes and working capital.
The offering is expected to close on April 11, 2025, subject to customary closing conditions. The Benchmark Company, LLC and Axiom Capital Management, Inc. are acting as joint book-running managers for the offering. This successful pricing marks a significant step for Aether Holdings as it transitions to a publicly traded entity.
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