Wellgistics Health said Friday it has priced its initial public offering of 888,889 ordinary shares at $4.50 per share for gross proceeds of $4 million.

The shares are expected to start trading on the Nasdaq under the ticker symbol "WGRX" on Feb. 21, the company said.

The company said the net proceeds from the offering, which is expected to close on or about Feb. 24, will be used mainly for general corporate purposes, including working capital, marketing initiatives and capital expenditures.