JFB Construction Holdings (JFB) fell by more than 13% in its Nasdaq debut on Thursday after raising nearly $5.2 million in its initial public offering.
The company sold 1.25 million units at $4.125 per apiece, with each unit consisting of one common share and a warrant to buy an additional share, exercisable at $5.50 per share.
The company provided underwriters with a 45-day option to buy up to 187,500 additional units to cover potential overallotments.
The stock, which trades under the symbol "JFB," was recently down 13.2% at $3.58.
Price: 3.60, Change: -0.52, Percent Change: -12.62
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