Gelteq (GELS) Prices 1.3M Share IPO at $4/sh

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Go back to Gelteq (GELS) Prices 1.3M Share IPO at $4/sh

Gelteq Limited Prices US$5.2 Million Initial Public Offering

October 28, 2024 9:50 PM EDT

NEW YORK, Oct. 28, 2024 (GLOBE NEWSWIRE) -- Gelteq Limited (Gelteq or the Company), a global biotechnology company that specializes in the formulation, development, and manufacturing of ingestible gel technology, announced today that it has priced its initial public offering of 1,300,000 ordinary shares of the Company at a public offering price of US$4.00 per share. The shares have been approved for listing on the Nasdaq Capital Market (Nasdaq). Trading on Nasdaq is expected to begin on October 29, 2024 under the symbol GELS.

The gross proceeds from the offering, before deducting underwriting fees and other offering expenses payable by the... More