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Highlights
- The Advanced Human Imaging Ltd is offering 1,000,000 shares in the IPO.
- It will trade with the ticker symbol ‘AHI’ on the NASDAQ Global Capital Market.
- Each unit consists of 2 ADS and 1 warrant. ADS will start trading on Nov 19, 2021.
Advanced Human Imaging Ltd (ADA) on Friday announced the price range of its initial public offering (IPO) from US$10.5 to US$12.00 per share.
It is offering 1,000,000 units consisting of 2,000,000 American depository Shares (two ADS for each unit representing ordinary shares of AHI Ltd) and one warrant to purchase one ADS.
The warrants will have the exercise price of US$5.52 per ADS after the expiry of three years from the date of issuance.
Additionally, 150,000 ADS shares are for underwriters to purchase on option at the offering price after deducting underwriting discounts and commissions within 45 days.
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The ADS will start trading from Friday, but warrants will not be listed for trading.
The share outstanding will be 19,115,109 after the offering. The listing will be under the ticker symbol AHI on the NASDAQ Global Capital Market.
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