Mobilicom, which makes hardware, software, and cybersecurity products for small drones and robotics, filed on Thursday with the SEC to raise up to $17 million in an initial public offering. The company is currently listed on the Australian Securities Exchange (MOB) with a market cap of $10 million.
If the company's market cap at IPO is less than $50 million, Mobilicom will be excluded from Renaissance Capital's 2022 IPO stats.
Mobilicom designs, develops, and manufactures hardware, software, and cybersecurity products that are embedded in small drones (SUAVs) and robotics. The company's customer base spans the US, Europe, and Israel, and it primarily generates revenue from the sale of its hardware and from licensing fees and professional support services related to its software and cybersecurity solutions.
The Shoham, Israel-based company was founded in 2006 and plans to list on the Nasdaq but has yet to select a symbol (RC ticker: MBCM.RC). Mobilicom filed confidentially on December 17, 2021. ThinkEquity is the sole bookrunner on the deal. No pricing terms were disclosed.
