BrilliA Inc Announces Pricing of Initial Public Offering

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BrilliA Inc Announces Pricing of Initial Public Offering - Benzinga

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SINGAPORE, Nov.26, 2024 (GLOBE NEWSWIRE) -- BrilliA Inc ("BRIA" or "the Company") today announced the pricing of its initial public offering of an aggregate of 2,500,000 shares of its Class A Ordinary Shares ("the Offering"), all of which are being offered by BRIA at a public offering price of $4.00 per share.

In addition, the Company has granted the underwriters a 45-day option to purchase up to an additional 375,000 shares of its Class A Ordinary Shares at the initial public offering price ("the Overallotment"), less underwriting discounts and commissions.

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