ismagilov
Israeli drone technology provider Mobilicom (NASDAQ:MOB) has upsized its proposed US initial public offering to $12M from $10M.
Mobilicom said it now is seeking to offer 1.6M units for an assumed price of $7.43 per unit. Each unit will consist of one American Depositary Share plus one warrant to buy one ADS at 125% the IPO unit price.
Think Equity is acting as lead bookrunner on the deal. Mobilicom hopes to list its shares on Nasdaq under the symbol MOB. Its shares are already traded on the Australian Stock Exchange under the same symbol.
Based in Israel, Mobilicom is a developer and marketer of hardware, software and cybersecurity solutions for small drones.
The latest proposal is slightly upsized from one filed in July, which sought to raise around $10M through the sale of 1.7M units at the assumed price of $6 per unit. The company had also proposed a $10M IPO in a filing made in June.
Image and article originally from seekingalpha.com. Read the original article here.