CleanCore Solutions, Inc. Announces Closing of Initial Public Offering
CleanCore Solutions, Inc. completed its initial public offering, selling 1,250,000 shares at $4.00 per share, raising $5,000,000 in gross proceeds. After expenses, the company received approximately $3,760,000 in net proceeds. The funds will be used for debt repayment, research and development, intellectual property, and general corporate purposes. The stock began trading on NYSE American under the ticker symbol 'ZONE' on April 26, 2024. The offering was conducted through a prospectus filed with the SEC and declared effective on April 25, 2024.
CleanCore Solutions, Inc. successfully completed its initial public offering, raising $5,000,000 in gross proceeds.
The company received approximately $3,760,000 in net proceeds after deducting expenses from the offering.
The stock began trading on the NYSE American under the symbol 'ZONE', providing the company with enhanced visibility in the market.
The company had to deduct underwriting discounts, commissions, and offering expenses from the gross proceeds, reducing the net proceeds to $3,760,000.
The use of net proceeds for debt repayment and general corporate purposes may limit the financial flexibility of CleanCore Solutions, Inc.
OMAHA, Neb., April 30, 2024 (GLOBE NEWSWIRE) -- CleanCore Solutions, Inc. (NYSE American: ZONE) (“CleanCore” or the “Company”), developer of the patented aqueous ozone technology that works as an all-purpose cleaner, announced the closing of its initial public offering (the “Offering”) of 1,250,000 shares of common stock at a price to the public of
After deducting underwriting discounts, commissions, and other offering expenses, the Company received net proceeds of approximately
The Company’s common stock began trading on the NYSE American stock exchange on Friday, April 26, 2024, under the ticker symbol “ZONE”.
The offering was made only by means of a prospectus and pursuant to the Company’s Registration Statement on Form S-1, as amended (File No. 333-274928), which was filed with the U.S. Securities and Exchange Commission (“SEC”) and subsequently declared effective by the SEC on Thursday, April 25, 2024. Copies of the final prospectus are available on the SEC website at www.sec.gov, or may be obtained from may be obtained from Boustead Securities, LLC, 6 Venture, Suite 395, Irvine, California 92618, by phone at +1-949-502-4408 or by email at offerings@boustead1828.com.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, 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.
Bevilacqua PLLC served as legal counsel to the Company and ArentFox Schiff LLP served as legal counsel to Boustead Securities, LLC for the initial public offering.
About CleanCore Solutions
CleanCore Solutions, Inc. (NYSE American: ZONE) is dedicated to revolutionizing cleaning and disinfection practices by harnessing the power of its patented aqueous ozone technology. The Company’s mission is to empower its customers with cost-effective, sustainable solutions that surpass traditional cleaning methods. Through innovation and commitment to excellence, CleanCore strives to create a healthier, greener future for generations to come. For more information, please visit https://www.cleancoresol.com/.
Forward Looking Statements
This press release may contain information about our views of future expectations, plans and prospects that constitute forward-looking statements. All forward-looking statements are based on management’s beliefs, assumptions and expectations of CleanCore’s future economic performance, taking into account the information currently available to it. These statements are not statements of historical fact. Although CleanCore believes the expectations reflected in such forward-looking statements are based on reasonable assumptions, it can give no assurance that its expectations will be attained. CleanCore does not undertake any duty to update any statements contained herein (including any forward-looking statements), except as required by law. Forward-looking statements are subject to a number of factors, risks and uncertainties, some of which are not currently known to us, that may cause CleanCore’s actual results, performance or financial condition to be materially different from the expectations of future results, performance or financial position. Actual results may differ materially from the expectations discussed in forward-looking statements. Factors that could cause actual results to differ materially from expectations include general industry considerations, regulatory changes, changes in local or national economic conditions and other risks set forth in “Risk Factors” included in our filings with the SEC.
Investor Relations:
Crescendo Communications, LLC
Email: zone@crescendo-ir.com
Tel: (212) 671-1020 x305
Underwriter Contact:
Boustead Securities, LLC
Brinson Lingenfelter
Tel: (949) 502-4408
Email: Brinson@boustead1828.com
FAQ
<p>How many shares were sold in CleanCore Solutions, Inc.'s initial public offering?</p>
CleanCore Solutions, Inc. sold 1,250,000 shares in its initial public offering.
<p>What is the ticker symbol for CleanCore Solutions, Inc. on the NYSE American?</p>
The ticker symbol for CleanCore Solutions, Inc. on the NYSE American is 'ZONE'.
<p>Where can I access the final prospectus for CleanCore Solutions, Inc.'s offering?</p>
The final prospectus for CleanCore Solutions, Inc.'s offering is available on the SEC website at www.sec.gov or can be obtained from Boustead Securities,
