ismagilov
Agritech supplier Opti-Harvest (OPHV) has reduced its proposed initial public offering from $35 million to $8 million.
The developer of the crop yield optimization technology said in a presentation which now seeks to offer 2 million shares priced between $3.50 and $4.50, which raise $8 million if the price is in the midpoint. The underwriters would receive a 45-day option to purchase up to an additional 300,000 shares at the initial public offering price.
Opti-Harvest expects to list its shares on Nasdaq under the symbol OPHV. WestPark Capital serves as the primary book broker.
In August, Opti-Harvest indicated in the filing fee schedule for your S-1 filing that he was seeking up to $35 million through an offer of underlying shares and warrants.
For more information on Opti-Harvest, see “Opt-Harvest Files for $35M US IPO” by Donovan Jones.
