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-0.047872340425532 0.0319148936170213 0.0372340425531915 0.0239361702127659 0.0984042553191488 0.156914893617021 0.164893617021277 0.132978723404255
Stock impact report

Pheton Holdings Ltd Announces Pricing of Initial Public Offering [Yahoo! Finance]

Pheton Holdings Ltd - Class A Ordinary Shares (PTHL) 
Company Research Source: Yahoo! Finance
treatment planning systems for brachytherapy and other related products and services, today announced the pricing of its initial public offering (the “Offering”) of 2,250,000 Class A ordinary shares at a public offering price of $4.00 per Class A ordinary share, for total gross proceeds of $9 million, before deducting underwriting discounts and other related expenses. In addition, Pheton has granted the underwriters a 45-day option to purchase up to an additional 337,500 Class A ordinary shares at the public offering price, less underwriting discounts. The shares are expected to begin trading on the Nasdaq Capital Market on September 5, 2024, under the ticker symbol “PTHL.” The offering is expected to close on September 6, 2024, subject to satisfaction of customary closing conditions. The Offering is being conducted on a firm commitment basis. CATHAY SECURITIES, INC. is acting as the representative of the underwriters to the Offering, and Dominari Securities LLC is a co-underwriter. Show less Read more
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