Mohawk Group Holdings, which sells consumer products based on market data gathered using its AI platform, raised $36 million by offering 3.6 million shares at $10, below the range of $14 to $16. The company had filed to raise $50 million by offering 3.3 million shares at that range. At $10, Mohawk commands a market value of $183 million.
Mohawk Group Holdings plans to list on the Nasdaq under the symbol MWK. Roth Capital and A.G.P. acted as lead managers on the deal.
