Ecolomondo (EECO) Files $16.1M IPO

Ecolomondo (NASDAQ: EECO) filed an IPO with the SEC on form F-1. The company plans to offer 2 million Class A common shares at a price to the public of between $6.50-$7.50 per shares. The company plans to list on the NASDAQ under the ticker 'EECO.' The proposed maximum offering price is $16.1 million.

Chardan Capital Market is the sole book-running manager.

Ecolomondo is a development stage clean tech company that has designed, engineered and developed a thermo-reaction process using a pyrolysis platform that converts hydrocarbon waste into marketable commodity end-products, namely carbon black substitute, oil, gas and steel. The company plans to manufacture turnkey facilities based on this technology platform and sell them to clients, and collect royalties from their operation, or operate them through wholly or jointly-owned subsidiaries. They expect these turnkey facilities to be attractive to clients because of, based on their research, what they believe to be low forecasted capital cost per ton of capacity, attractive profits from their operations, and because of a global environmental need to better manage and to effectively treat hydrocarbon waste.

F-1

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