One NYSE American uplisting and one SPAC began trading this past week. Four IPOs joined the IPO pipeline, led by large biotech Prime Medicine (PRME). Several other small deals had been targeting debuts this past week but did not get done. While potentially unrelated, the delays come in the wake of reports that the Nasdaq would be stepping up its scrutiny of small...read more
Loop Media, which provides ad-supported TV boxes that stream short videos at retail locations, raised $12 million by offering 2.4 million shares at $5.00, within the revised range of $4.50 to $5.50. The company originally planned to offer 4.4 million shares at $2.71, the July 1 close of its shares on the OTC. Loop Media provides proprietary content streaming boxes to bars,...read more
Loop Media, which provides ad-supported TV boxes that stream short videos at retail locations, revised the terms for its upcoming IPO on Monday. In its latest filing, the company also provided updated financials for the 9mo FY22, and disclosed that it would effect a one-for-three reverse stock split prior to the pricing of the offering. The Glendale, CA-based company now plans to...read more
Following the year's largest IPO to date (CRBG), four small deals may price in the week ahead, only two of which are large enough to be included in our IPO stats. Neuro-inflammation biotech Jupiter Neurosciences (JUNS) plans to raise $15 million at a $62 million market cap. Jupiter's sole candidate, JOTROL, is being developed for various neuro and rare disease...read more
US IPO Weekly Recap: One small IPO begins trading while several others delay
One NYSE American uplisting and one SPAC began trading this past week. Four IPOs joined the IPO pipeline, led by large biotech Prime Medicine (PRME). Several other small deals had been targeting debuts this past week but did not get done. While potentially unrelated, the delays come in the wake of reports that the Nasdaq would be stepping up its scrutiny of small...read more
Marketing tech company Loop Media prices NYSE American uplisting at $5 midpoint
Loop Media, which provides ad-supported TV boxes that stream short videos at retail locations, raised $12 million by offering 2.4 million shares at $5.00, within the revised range of $4.50 to $5.50. The company originally planned to offer 4.4 million shares at $2.71, the July 1 close of its shares on the OTC. Loop Media provides proprietary content streaming boxes to bars,...read more
Marketing tech company Loop Media cuts valuation by 39% ahead of $12 million NYSE American uplisting
Loop Media, which provides ad-supported TV boxes that stream short videos at retail locations, revised the terms for its upcoming IPO on Monday. In its latest filing, the company also provided updated financials for the 9mo FY22, and disclosed that it would effect a one-for-three reverse stock split prior to the pricing of the offering. The Glendale, CA-based company now plans to...read more
US IPO Week Ahead: The IPO calendar returns to small deals
Following the year's largest IPO to date (CRBG), four small deals may price in the week ahead, only two of which are large enough to be included in our IPO stats. Neuro-inflammation biotech Jupiter Neurosciences (JUNS) plans to raise $15 million at a $62 million market cap. Jupiter's sole candidate, JOTROL, is being developed for various neuro and rare disease...read more