IPOs
By The Online Investor Staff, updated Fri., Jun. 9, 6:46 AM
| This Slide: #2 of 15 |
Slide #2. Strong Global Entertainment, Inc. — Initial Public Offering
Company:
Strong Global Entertainment, Inc.
Proposed Symbol:
SGE
Shares Offered:
1,000,000
Price Per Share:
$4.00
Over-Allotment:
150,000
Description:
Strong Global Entertainment, Inc. (the "Company") (NYSE American: SGE), today announced the pricing of its initial public offering of 1,000,000 shares of its Class A Common Voting Shares (the "Common Shares") at a public offering price of $4.00 per share, for gross proceeds of $4 million, before deducting underwriting discounts and offering expenses. In addition, the Company has granted the underwriters a 45-day option to purchase up to an additional 150,000 Common Shares to cover over-allotments at the initial public offering price, less the underwriting discount. All of the Common Shares are being offered by the Company. The shares are expected to begin trading on the NYSE American on May 16, 2023 under the symbol "SGE." The offering is expected to close on May 18, 2023, subject to satisfaction of customary closing conditions.
