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Slideshow Secondary Stock Offerings

By The Online Investor Staff, updated Fri., Mar. 29, 1:08 AM

Slide #9. Ispire Technology Inc. Secondary Offering

Company: Ispire Technology Inc. (NASDAQ:ISPR)
Date announced: 3/22/2024
Shares Offered: 2,050,000
Date of Pricing: 3/22/2024
Price Per Share: $6.00
Secondary Offering Details: Ispire Technology Inc. ("Ispire" or the "Company") (NASDAQ: ISPR), a leader in the research and development, design, commercialization, sales, marketing and distribution of branded e-cigarettes and cannabis vaping products, today announced the pricing of a public offering of 2,050,000 shares of common stock at a price of $6.00 per share for gross proceeds of $12,300,000, prior to deducting the placement agent fees and expected offering expenses payable by the Company. The closing of the offering is expected to take place on or about March 26, 2024, subject to the satisfaction or waiver of customary closing conditions.

Inspire Technology is engaged in the research and development, design, commercialization, sales, marketing and distribution of e-cigarettes and cannabis vaping products. Co. sells its tobacco products worldwide except for the People's Republic of China and Russia. Co.'s tobacco products are marketed under the Aspire brand name and are sold primarily through its distribution network. Co. sells its cannabis vaping hardware only in the US, and Co. has also commenced marketing activities in Canada and Europe, primarily in the European Union. All of Co.'s products are vaping hardware.
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Company Name:  Ispire Technology Inc
Website:  www.ispiretechnology.com
Sector:  Cigarettes & Tobacco
Number of ETFs Holding ISPR:  9
Total Market Value Held by ETFs:  $4.15M
Total Market Capitalization:  $322.00M
% of Market Cap. Held by ETFs:  1.29%
 

Open the ISPR Page at The Online Investor (in a new window) »

March 29, 2024    1:08 AM Eastern
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