Provided By PR Newswire
Last update: Jan 20, 2025
TOKYO, Jan. 20, 2025 /PRNewswire/ -- PicoCELA Inc. ("PicoCELA" or the "Company,") (Nasdaq: PCLA), a Tokyo-based provider of enterprise wireless mesh solutions, today announced the closing of its previously announced initial public offering (the "Offering") of 1,750,000 American Depositary Shares ("ADSs") at a public offering price of $4.00 per ADS for a total of $7,000,000 of gross proceeds to the Company, before deducting underwriting discounts, non-accountable expense allowance, and offering expenses. Each ADS represents one common share of the Company. The Company has granted a 45-day option to the underwriters to purchase up to 262,500 additional ADSs, representing 15% of the ADSs sold in this Offering, solely to cover over-allotments, if any, at the initial offering price, less underwriting discounts and non-accountable expense allowance. The ADSs began trading on the Nasdaq Capital Market on January16, 2025(US EST), under the ticker symbol "PCLA."
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