Everbright Digital Holding (EDHL) said late Wednesday it priced its initial public offering of 1.5 million ordinary shares at $4 per share for expected gross proceeds of $6 million.
The company also granted the underwriters a 45-day option to buy up to an additional 225,000 shares. The offering is expected to close around April 21.
The ordinary shares have been approved for listing on the Nasdaq Capital Market and are expected to start trading Thursday under the ticker symbol "EDHL."
The company said it will use the net proceeds for marketing and business expansion, research and development of its core technologies, business development, talent acquisition and training, as well as for general corporate purposes.
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