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Concorde International Group (NASDAQ: CIGL), a security services provider combining physical manpower and technology, has announced the pricing of its Initial Public Offering of 1,250,000 Class A ordinary shares at $4.00 per share.
Trading is set to commence on April 22, 2025, on the Nasdaq Capital Market under 'CIGL'. The company expects to raise $5.0 million in gross proceeds, with underwriters having a 45-day option to purchase an additional 187,500 shares.
The IPO proceeds will fund:
- Purchase of electric vehicular mobile command centers
- Research and development activities
- Regional market development
- Product development
- Working capital and general corporate purposes
R.F. Lafferty & Co. is serving as the sole book-running manager for this firm commitment offering, expected to close around April 23, 2025.