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NYIAX (NYX), which has developed a Nasdaq-powered adtech platform, has narrowed its price range for a proposed $8 million initial public offering.
NYIAX said it is now looking to raise $8 million for offering 1.64 million shares priced between $4.50 and $5.50. The underwriters would be granted a 30-day option to purchase up to an additional $1.23 million of shares.
NYIAX expects to list its shares on Nasdaq under the symbol NYX. Boustead and WestPark are serving as lead bookrunners.
Based in New York City, NYIAX has developed a blockchain-based marketplace with Nasdaq where ad inventory, campaigns, and audiences can be listed, bought, and sold. The platform’s technology is jointly patented by NYIAX and Nasdaq (NDAQ).
NYIAX first filed for an initial public offering in June 2022, seeking $20 million.
