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Invizyne Technologies Shares Open For Trade At $11.10/Share; IPO Priced At $8/Share On 1.875M Shares

Benzinga ·  Nov 14 01:17

Invizyne Technologies, Inc., a leading designer of cell-free, enzyme-based biomanufacturing systems to produce commercially important molecules and chemicals for everyday life, today announced the pricing of its initial public offering of 1,875,000 shares of its common stock at a public offering price of $8.00 per share for a total of $15,000,000 of gross proceeds to the Company, before deducting underwriting discounts and offering expenses (the "Offering").

In addition, the Company has granted a 45-day option to the underwriter to purchase up to 281,250 additional shares, representing 15% of the shares sold in the Offering, solely to cover over-allotments, if any, at the initial public offering price, less the underwriting discounts and commissions. All of the shares are being offered by the Company. In a concurrent private placement of common warrants, the Company will issue up to 184,375 warrants to a couple of accredited investors to purchase up to 184,375 shares.

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