Wytec International, which makes small cell tech and wide area networks for 5G cell phone network coverage, withdrew its plans for an initial public offering on Thursday. It had originally filed in December 2021 and most recently planned to raise $16 million by offering 3.8 million units at $4.25. The company had not updated its prospectus since May 2022.
Because the company planned to offer units with warrants attached, Wytec International is excluded from Renaissance Capital's IPO stats.
The San Antonio, TX-based company was founded in 2011 and had planned to list on the Nasdaq under the symbol WYTC. EF Hutton was set to be the sole bookrunner on the deal.
