Zhitong Finance App learned that on Thursday, pharmaceutical supply chain solutions company Scripps Safe (SCRP.US) submitted an initial public offering (IPO) application to the US Securities and Exchange Commission (SEC). The company, headquartered in Naples, Florida, plans to raise $15 million by issuing 3 million shares at a price of 4-6 US dollars each. At the midpoint of the proposed range, Scripps Safe's market capitalization would reach $55 million.
The Scripps Safe program is understood to focus on three major vertical areas: mobile drug delivery, including Fire-EMS; private ambulance operations and home health services; and addiction or drug treatment facilities. To date, the company has mainly funded operations by selling vaults and safes. Currently, more than 600 healthcare customers have purchased DEA compliant vaults and safes.
Scripps Safe was founded in 2012, with sales of $1 million in the 12 months ending September 30, 2022. The company plans to list on NASDAQ under the ticker symbol SCRP. WestPark Capital was the sole bookkeeper for the deal.
