BloomZ Inc. Announces Closing of $5.38 Million Initial Public Offering
BloomZ Inc. (NASDAQ:BLMZ) has successfully closed its initial public offering (IPO) of 1,250,000 ordinary shares at $4.30 per share, raising approximately $5.38 million in gross proceeds. The company's shares began trading on the Nasdaq Capital Market on July 24, 2024, under the symbol 'BLMZ'. Network 1 Financial Securities, Inc. acted as the sole book-running manager for the offering. BloomZ has granted the underwriters a 45-day option to purchase up to an additional 187,500 ordinary shares to cover over-allotments. The IPO was conducted pursuant to the company's registration statement on Form F-1, which was declared effective on July 1, 2024.
BloomZ Inc. (NASDAQ:BLMZ) ha chiuso con successo la sua offerta pubblica iniziale (IPO) di 1.250.000 azioni ordinarie a 4,30 $ per azione, raccogliendo circa 5,38 milioni di dollari in proventi lordi. Le azioni della società hanno iniziato a essere scambiate nel Nasdaq Capital Market il 24 luglio 2024, con il simbolo 'BLMZ'. Network 1 Financial Securities, Inc. ha agito come unico gestore dell'offerta. BloomZ ha concesso ai sottoscrittori un'opzione di 45 giorni per acquistare fino a ulteriori 187.500 azioni ordinarie per coprire eventuali sovrapposizioni. L'IPO è stata condotta secondo la dichiarazione di registrazione della società sul modulo F-1, che è stata dichiarata efficace il 1 luglio 2024.
BloomZ Inc. (NASDAQ:BLMZ) ha cerrado con éxito su oferta pública inicial (IPO) de 1.250.000 acciones ordinarias a 4,30 $ por acción, recaudando aproximadamente 5,38 millones de dólares en ingresos brutos. Las acciones de la compañía comenzaron a cotizar en el Nasdaq Capital Market el 24 de julio de 2024, bajo el símbolo 'BLMZ'. Network 1 Financial Securities, Inc. actuó como el único administrador de la oferta. BloomZ ha otorgado a los suscriptores una opción de 45 días para comprar hasta 187.500 acciones ordinarias adicionales para cubrir sobreasignaciones. La IPO se realizó de conformidad con la declaración de registro de la empresa en el formulario F-1, que fue declarada efectiva el 1 de julio de 2024.
BloomZ Inc. (NASDAQ:BLMZ)는 1,250,000개의 보통주를 주당 4.30달러에 최초 공개했으며, 총 약 538만 달러의 수익을 올렸습니다. 회사의 주식은 2024년 7월 24일 Nasdaq Capital Market에서 'BLMZ'라는 기호로 거래가 시작되었습니다. Network 1 Financial Securities, Inc.는 이번 공모의 단독 북러너로 활동했습니다. BloomZ는 인수자에게 추가 187,500개의 보통주를 구매할 수 있는 45일 옵션을 부여했습니다. IPO는 2024년 7월 1일에 유효하게 선언된 F-1 양식에 따른 회사의 등록 진술에 따라 진행되었습니다.
BloomZ Inc. (NASDAQ:BLMZ) a réussi à clôturer son introduction en bourse (IPO) de 1.250.000 actions ordinaires à 4,30 $ par action, levant environ 5,38 millions de dollars de recettes brutes. Les actions de la société ont commencé à être négociées sur le Nasdaq Capital Market le 24 juillet 2024, sous le symbole 'BLMZ'. Network 1 Financial Securities, Inc. a agi en tant que seul gestionnaire de l'offre. BloomZ a accordé aux souscripteurs une option de 45 jours pour acheter jusqu'à 187.500 actions ordinaires supplémentaires pour couvrir les surallocations. L'IPO a été réalisée conformément à la déclaration d'enregistrement de la société sur le formulaire F-1, qui a été déclarée effective le 1er juillet 2024.
BloomZ Inc. (NASDAQ:BLMZ) hat erfolgreich ihr öffentliches Angebot (IPO) von 1.250.000 Stammaktien zu je 4,30 $ pro Aktie abgeschlossen und dabei etwa 5,38 Millionen Dollar brutto erlöst. Die Aktien des Unternehmens begannen am 24. Juli 2024 unter dem Symbol 'BLMZ' im Nasdaq Capital Market zu handeln. Network 1 Financial Securities, Inc. fungierte als alleiniger Buchführer für das Angebot. BloomZ hat den Underwritern eine 45-tägige Option eingeräumt, bis zu 187.500 zusätzliche Stammaktien zur Deckung von Überzeichnungen zu erwerben. Das IPO wurde gemäß der Registrierungsunterlage der Gesellschaft auf dem Formular F-1 durchgeführt, die am 1. Juli 2024 für wirksam erklärt wurde.
- Successful completion of IPO raising $5.38 million in gross proceeds
- Listing on Nasdaq Capital Market, potentially increasing visibility and liquidity
- 45-day option granted to underwriters for additional shares, potentially increasing capital raised
- Potential dilution of existing shareholders' ownership due to new share issuance
- Offering expenses and underwriting discounts will reduce net proceeds from the IPO
BloomZ Inc.'s successful IPO marks a significant milestone for the company, raising
The
Investors should be aware that newly listed companies often face volatility in their early trading days. The involvement of Network 1 Financial Securities as the sole book-running manager, while providing necessary support, also indicates a more niche offering that may not have attracted larger, more established underwriters. This could impact the stock's liquidity and price stability in the short term.
Overall, while the successful IPO is a positive step for BloomZ, the relatively modest size of the offering suggests that the company may need to demonstrate strong financial performance and growth to attract further investor interest and potentially raise additional capital in the future.
BloomZ's IPO comes at a time when the tech IPO market has been relatively quiet, making this listing noteworthy. The company's ability to go public in the current economic climate, characterized by high interest rates and investor caution, is commendable. However, the modest size of the offering –
The choice of NASDAQ for listing is strategic, as it's known for hosting innovative tech companies. This could provide BloomZ with increased visibility and access to a broader investor base. However, the company will need to meet NASDAQ's stringent reporting and governance requirements, which could be resource-intensive for a smaller firm.
Interestingly, the involvement of HeartCore Enterprises and Spirit Advisors as IPO consultants indicates that BloomZ sought specialized guidance for navigating the public markets. This could be seen as a prudent move for a company potentially lacking extensive in-house experience with public offerings.
Looking ahead, BloomZ's performance will be closely watched by investors interested in emerging tech companies. The company's ability to effectively utilize the raised capital and demonstrate growth will be important in maintaining investor confidence and potentially facilitating future fundraising efforts. The tech sector's volatility and the current macroeconomic uncertainties add layers of complexity to BloomZ's journey as a newly public company.
TOKYO, JAPAN / ACCESSWIRE / July 25, 2024 / BloomZ Inc. (NASDAQ:BLMZ) ("BloomZ" or the "Company"), today announced the closing of its initial public offering of 1,250,000 ordinary shares (the "Ordinary Shares") at a public offering price of
In addition, the Company has granted the underwriters a 45-day option to purchase up to an additional 187,500 Ordinary Shares at the public offering price per share, less the underwriting discount, to cover over-allotments, if any.
Network 1 Financial Securities, Inc. ("Network 1"), a full-service broker/dealer, acted as the sole book-running manager for the offering. HeartCore Enterprises, Inc. and Spirit Advisors LLC served as financial advisors and IPO consultants for the Company. Hunter Taubman Fischer & Li LLC is acting as U.S. legal counsel to BloomZ and Loeb & Loeb LLP is acting as U.S. legal counsel to Network 1 for the offering.
The offering is being conducted pursuant to the Company's registration statement on Form F-1, as amended (File No. 333-275223), relating to the Ordinary Shares initially filed with the U.S. Securities and Exchange Commission (the "SEC") on October 31, 2023, and was declared effective on July 1, 2024. The offering was made only by means of a prospectus. A final prospectus relating to the offering has been filed with the SEC on July 23, 2024, and is available on the SEC's website at www.sec.gov. Copies of the final prospectus related to the Offering may be obtained from Network 1 Financial Securities, Inc., 2 Bridge Avenue, Suite 241, Red Bank, NJ 07701, by phone at 732-758-9001 or by email at BLMZIPO@netw1.com.
Before you invest, you should read the prospectus and other documents the Company has filed or will file with the SEC for more information about the Company and the offering. This press release shall not constitute an offer to sell or the solicitation of an offer to buy any of the securities described herein, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
About BloomZ Inc.
BloomZ is a Cayman Islands holding company with an operating subsidiary, Kabushiki Kaisha BloomZ ("BloomZ Japan"), in Japan. BloomZ Japan is a Japanese audio producing and voice actor and VTuber managing company. BloomZ Japan has experienced staff who have worked on audio production for animations and video games for more than 10 years. BloomZ Japan also manages, cultivates and promotes voice actors and VTubers.
Cautionary Note Regarding Forward-Looking Statements
This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act and other securities laws. Words such as "expects," "anticipates," "intends," "plans," "believes," "seeks," "estimates" and similar expressions or variations of such words are intended to identify forward-looking statements. For example, the Company is using forward-looking statements when it discusses the expected gross proceeds and the closing of the offering. Forward-looking statements are not historical facts, and are based upon management's current expectations, beliefs and projections, many of which, by their nature, are inherently uncertain. Such expectations, beliefs and projections are expressed in good faith. However, there can be no assurance that management's expectations, beliefs and projections will be achieved, and actual results may differ materially from what is expressed in or indicated by the forward-looking statements. Forward-looking statements are subject to risks and uncertainties that could cause actual performance or results to differ materially from those expressed in the forward-looking statements. For a more detailed description of the risks and uncertainties affecting the Company, reference is made to the Company's reports filed from time to time with the SEC, including, but not limited to, the risks detailed in the Company's preliminary prospectus (Registration No. 333-275223), initially filed with the SEC on October 31, 2023. Forward-looking statements speak only as of the date the statements are made. The Company assumes no obligation to update forward-looking statements to reflect actual results, subsequent events or circumstances, changes in assumptions or changes in other factors affecting forward-looking information except to the extent required by applicable securities laws. If the Company does update one or more forward-looking statements, no inference should be drawn that the Company will make additional updates with respect thereto or with respect to other forward-looking statements. References and links to websites have been provided as a convenience, and the information contained on such websites is not incorporated by reference into this press release.
BloomZ Investor Contact
John Yi and Steven Shinmachi
Gateway Group, Inc.
949-574-3860
Email: bloomz@gateway-grp.com
SOURCE: BloomZ
View the original press release on accesswire.com
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