MOB News

Six small deals priced this past week, though only three met the criteria for our 2022 IPO stats. Pipeline activity picked up with three new IPO filings, including a biotech that plans to raise $150 million, as well as amendments from some notable issuers on file. Beijing-based ...read more

Mobilicom, which makes hardware, software, and cybersecurity products for small drones and robotics, raised $12 million by offering 2.9 million units at $4.13, well below the as-converted last close of its shares on the ASX ($8.64). Each unit contains one ADS and one warrant, exercisable at $5. The company offered 1.3 million more units than anticipated. It originally planned to...read more

Two small deals are scheduled to price in the week ahead, only one of which is large enough to be included in our IPO stats. More small issuers may join the calendar during the week. Starbox Group Holdings (STBX) plans to raise $23 million at a $203 million market cap. The company is building a fintech ecosystem targeting micro, small, and medium enterprises in...read more

Mobilicom, which makes hardware, software, and cybersecurity products for small drones and robotics, revised the terms for its upcoming US IPO on Tuesday. The Shoham, Israel-based company now plans to raise $12 million by offering 1.6 million units at $7.43, the as-converted August 11 close of its shares on the ASX (MOB). Each unit contains one ADS and one warrant, exercisable at...read more