AeroClean Technologies (AERC) IPO opens at $40 after pricing at $10 and is immediately halted

November 24, 2021 10:55 AM EST

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AeroClean Technologies (NASDAQ: AERC) IPO opens at $40 after pricing 2,500,000 shares at $10 and is immediately halted on volatility.

The Benchmark Company, LLC, HCFP/Capital Markets LLC and Valuable Capital Limited are acting as Joint Bookrunning Managers for the offering.

AeroClean is a pathogen elimination technology company on a mission to keep work, play and life going—with continuous air sanitization products called, Pūrgo™ (pure-go). We create solutions for hospitals, offices and many shared spaces as well as elevators, aircraft and more. Pūrgo™ products feature SteriDuct™, a proprietary technology developed by our best-in-class aerospace engineers, medical scientists and innovators. Powered by SteriDuct™, our solutions are medical-grade, eradicating viral, fungal and bacterial airborne pathogens. Our purpose is simple: to never stop innovating solutions that keep people healthy and safe, so life never stops.

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