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CleanCore Solutions, Inc. Announces Closing of Initial Public Offering
OMAHA, Neb., April 30, 2024 (GLOBE NEWSWIRE) -- CleanCore Solutions, Inc. (NYSE: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 $4.00 per share for gross Offering proceeds of $5,000,000 before deducting underwriting discounts, commissions, and offering expenses payable by the Company.
After deducting underwriting discounts, commissions, and other offering expenses, the Company received net proceeds of approximately $3,760,000. The Company intends to use the net proceeds from this Offering for the repayment of certain debt, research and development and for intellectual property, and for working capital and general corporate purposes.
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 ...