Phaos Technology Holdings, a Singapore-based provider of advanced microscopy technologies, raised $14 million by offering 3.6 million shares (25% secondary) at $4, the low end of the range of $4 to $5.
Through its operating subsidiary, Phaos Technology is focused on the assembly and commercialization of advanced microscopy-related solutions, technologies, and products for manufacturing, biomedical, and semiconductors, among other industries. With its patented microsphere-assisted technology, the company states that it provides the only commercially available advanced optical microscope that can see below the 200nm optical limit, within a commercially viable working distance. Its range of products includes super-resolution imagers capable of achieving imaging down to 137nm, specialized microscopes designed to meet the diverse needs of various industries, three-dimensional real-time image magnifiers for enhanced visualization.
Phaos Technology Holdings plans to list on the NYSE American under the symbol POAS. Network 1 Financial Securities acted as sole bookrunner on the deal.
