Two Reg A+ Issuers Listed on Senior Exchanges Last Week

 

Last week, two issuers listed on senior US exchanges after successful Reg A+ IPOs. On Monday, Myomo Inc. (NYSE Mkt: MYO) became the first issuer to complete a Reg A+ ‘IPO’ and list on a national exchange, the NYSE Mkt. On Thursday, Adomani Inc. (NASDAQ: ADOM) became the first Reg A+ issuer to use the updated securities exemption to raise capital and then trade shares on the NASDAQ.

MYOMO, Inc. – NYSE’s First Reg A+ IPO

Myomo, a commercial stage medical robotics company, raised $5.0 Million through its Reg A+ by selling 665,498 shares of its common stock at a price of $7.50 per share to the public. Myomo also closed a simultaneous private sale of investment units for total proceeds of $2.9 Million. The combined capital raised is $7.9 Million. Myomo now trade on the NYSE Mkt under ticker symbol “MYO”. 

TriPoint Global Equities, LLC, working with its online division BANQ® (www.banq.co), was the lead managing selling agent and bookrunner for the offering. CrowdfundX was the digital marketing agency of record. Other notable participants were Hunter Taubman Fischer & Li, underwriters counsel; PCG Advisory Group, investor relations; Rushing PR; Marcum, auditor; and Duane Morris, counsel.

Myomo closed at a price of $14.45 on Friday after trading 1,810,478 shares for the day (approx $25,000,000 in dollar volume). This represents a nearly 100% premium to Myomo’s Reg A+ price and Monday open. 

Learn more HERE.

Adomani Inc. – NASDAQ’s First Reg A+ IPO

Adomani, a provider of advanced zero emission vehicle solutions, raised $14.3 million through its Reg A+ by selling 2,852,275 million shares of its common stock at a price of $5 per share to the public. Adomani now trades on the NASDAQ under ticker symbol “ADOM”.

Boustead Securities served as lead underwriter and Network 1 Financial Securities as co-underwriter for the offering.

Adomani closed at a price of $9.60 on Friday after trading 291,141 shares for the day (approx $250,000 in dollar volume). This represents a nearly 100% premium to Adomani’s Reg A+ price and Monday open.

Learn more HERE

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Reg A+ IPO

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microcap IPO

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Adomani Inc.

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