Mobilicom (MOB) Prices $11.8M Offering

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Go back to Mobilicom (MOB) Prices $11.8M Offering

Mobilicom Limited Announces Pricing of USD $11.8 Million Public Offering and Nasdaq Listing

August 24, 2022 7:48 PM EDT

Shoham, Israel, Aug. 24, 2022 (GLOBE NEWSWIRE) -- Mobilicom Limited (Nasdaq: MOB, MOBBW) (ASX: MOB) (the Company or Mobilicom), a provider of cybersecurity and smart solutions for drones, robotics & autonomous platforms, today announced the pricing of an underwritten U.S. initial public offering of 2,858,000 units, each consisting of one American Depositary Share (ADS) and one warrant to purchase one ADS, at a price to the public of USD $4.13 per unit, for gross proceeds of approximately USD $11.8 million, before deducting underwriting discounts and offering expenses. The warrants will have a per ADS exercise price of USD $5.00, are exercisable... More