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Bruush Oral Care Inc. (BRSH) to Raise $16 Million in IPO

Bruush Oral Care Inc. (BRSH) to Raise $16 Million in IPO

Bruush Oral Care Inc.(BRSH)将在首次公开募股中筹集1600万美元
Financial News Live ·  2022/07/27 08:02

$Bruush Oral Care Inc.(BRSH.US)$ expects to raise $16 million in an initial public offering (IPO) on Wednesday, August 3rd, IPO Scoop reports. The company plans to issue 2,500,000 shares at  $5.20-$7.20 per share.

$Brush Oral Care Inc. (BRSH.US) $IPO Scoop报道,预计将在8月3日星期三的首次公开募股(IPO)中筹集1600万美元。该公司计划以每股5.20美元至7.20美元的价格发行250万股股票。

In the last year, Bruush Oral Care Inc. generated $2 million in revenue and had a net loss of $4.2 million. Bruush Oral Care Inc. has a market cap of $37.7 million.

去年,Bruush Oral Care Inc.创造了200万美元的收入,净亏损420万美元。Bruush Oral Care Inc.的市值为3,770万美元。

Aegis Capital acted as the underwriter for the IPO.

Aegis Capital担任首次公开募股的承销商。

Bruush Oral Care Inc. provided the following description of their company for its IPO: "(Note: This IPO is a unit offering. Each unit consists of one share of common stock and one warrant to buy one share of common stock. This is a NASDAQ listing.)  The company is on a mission to inspire confidence through brighter smiles and better oral health. (Incorporated in British Columbia)  Founded in 2018 by Chief Executive Officer Aneil Manhas, a former investment banker and private equity investor turned entrepreneur, we are an oral care company that is disrupting the space by reducing the barriers between consumers and access to premium oral care products because it is our belief that high-quality oral care products should be more accessible. We are an e-commerce business with a product portfolio that currently consists of a sonic-powered electric toothbrush kit and brush head refills.  We focus our marketing efforts on recruiting consumers between 18 and 45 years of age and currently using a manual toothbrush and convincing them that there has never been a more compelling opportunity to upgrade to an electric brush. Through our website, consumers can purchase a Brüush starter kit (the "Brüush Kit"), which includes: (i) the Brüush electric toothbrush (the "Brüush Toothbrush"); (ii) three brush heads; (iii) a magnetic charging stand and USB power adapter; and (iv) a travel case. We also sell the brush heads separately, which come in a three-pack (the "Brüush Refill") and can be purchased on a subscription basis, where the customer will automatically receive a Brüush Refill every six months (the "Subscription"). We consider a Subscription to be active (an "Active Subscription") until it is either cancelled by the customer or terminated due to payment failure (for example, a lost or expired credit card). Later this calendar year, we plan to expand our portfolio with the launch of several new subscription-based consumable oral care products, including toothpaste, mouthwash, dental floss, a whitening pen, as well as an electric toothbrush designed for kids. As an e-commerce business, our website –  – accounts for the majority of our sales. We also sell through Amazon and have commercial agreements with some third-party retailers, including Indigo, Harry Rosen, Macy's and Urban Outfitters, who all sell our products on their websites under a drop-ship arrangement. We are not dependent on any one of these third-party commercial agreements. **Note: Revenue and net loss figures are for the fiscal year (nine months) ended Oct. 31, 2021. (Note: Bruush Oral Care Inc. disclosed terms for its IPO in an F-1/A filing dated July 21, 2022: 2.47 million units at $5.20 to $7.20 each to raise $15.31 million.)  ".

Bruush Oral Care Inc.对其公司的首次公开募股提供了以下描述:“(注意:本次首次公开募股是单位发行。每个单位由一股普通股和一份购买一股普通股的认股权证组成。这是纳斯达克上市。)该公司的使命是通过更灿烂的笑容和更好的口腔健康来激发信心。(在不列颠哥伦比亚省注册成立)我们是一家口腔护理公司,由首席执行官Aneil Manhas于2018年创立,他是一位前投资银行家和私募股权投资者,后来转为企业家。我们是一家口腔护理公司,它通过减少消费者与获得优质口腔护理产品之间的壁垒来颠覆这一领域,因为我们认为高质量的口腔护理产品应该更容易获得。我们是一家电子商务企业,其产品组合目前包括声波驱动的电动牙刷套件和刷头替换件。我们的营销工作重点是招募年龄在18至45岁之间、目前正在使用手动牙刷的消费者,并说服他们升级到电动牙刷的机会从未像现在这样令人信服。通过我们的网站,消费者可以购买 Bruush 入门套件(“Bruush Kit”),其中包括:(i) Bruush 电动牙刷(“Bruush 牙刷”);(ii)三个刷头;(iii)磁性充电座和 USB 电源适配器;以及(iv)旅行箱。我们还单独出售刷头,每三件装(“Bruush Refill”),可以订阅购买,客户将每六个月自动收到一次 Bruush Refill(“订阅”)。在客户取消订阅或由于付款失败(例如,信用卡丢失或过期)而终止之前,我们认为订阅处于有效状态(“有效订阅”)。本日历年晚些时候,我们计划扩大我们的产品组合,推出几款新的订阅型消耗性口腔护理产品,包括牙膏、漱口水、牙线、美白笔以及专为儿童设计的电动牙刷。作为一家电子商务企业,我们的网站——占我们销售额的大部分。我们还通过亚马逊进行销售,并与一些第三方零售商签订了商业协议,包括Indigo、Harry Rosen、Macy's和Urban Outfitters,他们都根据直销安排在其网站上销售我们的产品。我们不依赖任何第三方商业协议。**注意:收入和净亏损数据为截至2021年10月31日的财年(九个月)。(注意:Bruush Oral Care Inc.在2022年7月21日的F-1/A文件中披露了其首次公开募股的条款:247万套,每套520美元至7.20美元,筹集了1,531万美元。)”。

Bruush Oral Care Inc. was founded in 2018 and has 7 employees. The company is located at 30 Wellington Street West, 5th Floor  Toronto, Ontario M5L 1E2  Canada and can be reached via phone at (844) 427-8774 

Bruush Oral Care Inc. 成立于 2018 年,拥有 7 名员工。该公司位于加拿大安大略省多伦多市惠灵顿街 30 号 5 楼 M5L 1E2,可以通过电话 (844) 427-8774 与该公司联系

译文内容由第三方软件翻译。


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