Collab Z files for $20 million IPO on Nasdaq

Collab Z Inc. filed for an initial public offering to sell 5 million shares of common stock at an expected price of $4.00 per share, according to a company statement.

The offering would raise approximately $20 million for the company. Collab Z has applied to list its shares on the Nasdaq Capital Market under the ticker symbol "CLBZ."

The company stated that if its shares are not approved for listing on Nasdaq, it will not proceed with the offering. No assurance was provided that the application will receive approval.

American Trust Investment Services and Westpark Capital will serve as underwriters for the offering. The shares carry a par value of $0.001 each.

No public market currently exists for Collab Z's common stock prior to this proposed offering.

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