BrilliA Inc Announces Closing of Initial Public Offering

Quick Summary:

SINGAPORE, Nov.29, 2024 (GLOBE NEWSWIRE) -- BrilliA Inc ("BRIA" or "the Company") today announced the closing of its previously announced initial public offering of an aggregate of 2,500,000 Class A Ordinary Shares (the "Offering") at an offering price of $4.00 per share to the public, for a total of $10,000,000 in gross proceeds to the Company, before deducting underwriting discounts and estimated offering expenses.

In addition, the Company has granted the underwriters an option, exercisable within 45 days from the closing date of the Offering, to purchase up to an additional 375,000 Class A Ordinary Shares at the Offering Price, representing 15% of the Class A Ordinary Shares sold in the Offering.

Mourant Ozannes LLP acted as Cayman Islands and British Virgin Islands legal counsel and Ortoli Rosenstadt LLP acted as U.S.legal counsel, respectively, to the Company, and Lewis Brisbois Bisgaard & Smith LLP acted as U.S.legal counsel to A.G.P.for the Offering.

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Article Details

Author / Journalist: Globe Newswire

Category: InvestingBusiness

Markets: United StatesCayman IslandsSingapore

Topics: Press Releases IPOs BRIA News

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-29 @ 16:26:42 (15 hours ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 785 words

Reading Time: 5 minutes read

Sentences: 20 lines

Sentence Length: 40 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Benzinga

News ID: 23953058

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