Alfi Inc. (ALF) Prices 3.73M Unit IPO at $4.15/Unit; Announces Nasdaq Listing

Alfi, Inc. (NASDAQ: ALF) today announced the pricing of a firm underwritten public offering of 3,731,344 shares of common stock and warrants to purchase 3,731,344 shares of common stock at a public offering price of $4.15 per share and warrant for aggregate gross proceeds of approximately $15.5 million, prior to deducting underwriting discounts, commissions, and other offering expenses and excluding any exercise of the underwriters' option to purchase any additional securities as described herein. In addition, the Company has granted the underwriters a 45-day option to purchase up to an additional 559,701 shares and 559,701 warrants at the public offering price less the underwriting discounts and commissions. The offering is expected to close on or about May 6, 2021, subject to satisfaction of customary closing conditions.

The Company has received approval to list its common stock and warrants on the Nasdaq Capital Market, with its common stock trading under the symbol "ALF" and the warrants trading under the symbol "ALFIW", with trading expected to begin on May 4, 2021. Each warrant is exercisable for one share of common stock at an exercise price of $4.57 per share and will expire five years from the date of issuance.

Kingswood Capital Markets, division of Benchmark Investments, Inc., is acting as sole book-running manager for the offering. Revere Securities LLC and WestPark Capital, Inc. are acting as co-managers for the offering.

The Securities and Exchange Commission ("SEC") declared effective a registration statement on Form S-1 relating to these securities on May 3, 2021.

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