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Mint Incorporation (Nasdaq: MIMI), a Hong Kong-based interior design and fit out works provider, has successfully closed its initial public offering of 1,750,000 Class A ordinary shares at $4.00 per share. The company began trading on the Nasdaq Capital Market on January 10, 2025, under the symbol 'MIMI'.
The underwriters exercised their 45-day over-allotment option to purchase an additional 262,500 shares at the same price. The total gross proceeds amounted to $8.05 million. The company plans to use the funds for expanding business operations in the USA and UK, potential strategic investments and acquisitions, IT services upgrade, and working capital.
Benjamin Securities acted as the representative underwriter, with Prime Number Capital as co-underwriter. The offering was conducted on a firm commitment basis.
Mint Incorporation (Nasdaq: MIMI), a Hong Kong-based interior design and fit out works provider, has announced the pricing of its initial public offering of 1,750,000 Class A ordinary shares at $4.00 per share. Trading is expected to begin on Nasdaq Capital Market on January 10, 2025, under the symbol 'MIMI'.
The company expects to raise $7 million in gross proceeds, with anticipated net proceeds of $4.80 million after deducting underwriting discounts and expenses. Underwriters have a 45-day option to purchase up to additional 262,500 shares. The funds will be used for expanding business operations in the USA and UK, potential strategic investments, IT services upgrade, and working capital.
Benjamin Securities is acting as the representative underwriter, with Prime Number Capital as co-underwriter. The offering is being conducted on a firm commitment basis and is expected to close on January 13, 2025.
Mimi's Rock Corp. (TSXV:MIMI) and Avivagen Inc. (TSXV:VIV, OTCQB:VIVXF) have launched Dr. Tobias Beta Blend, a dietary supplement aimed at enhancing immune support and promoting skin and eye health. Available exclusively on Amazon and DrTobias.com, the product leverages Avivagen’s proprietary OxC-beta™ technology. Retailing at USD $29.97, this collaboration is expected to meet strong consumer demand, particularly in light of heightened awareness of immune health due to COVID-19.
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