SRM Entertainment, Inc. Announces Pricing of Its Initial Public Offering
14 Agosto 2023 - 11:56PM
SRM Entertainment, Inc. (“SRM”) today announced the pricing of its
initial public offering of 1,250,000 shares of its common stock at
a price to the public of $5.00 per share. All of the shares are
being offered by SRM. The gross proceeds from the offering, before
deducting underwriting discounts and commissions and other offering
expenses payable by SRM, are expected to be $6.25
million. The shares are expected to begin trading on The Nasdaq
Capital Market on August 15, 2023, under the symbol “SRM.” The
offering is expected to close on August 16, 2023, subject to the
satisfaction of customary closing conditions. In addition, SRM has
granted the underwriters a 45-day option to purchase up to an
additional 187,500 shares of SRM’s common stock at the initial
public offering price, less the underwriting discounts and
commissions.
EF Hutton, division of Benchmark Investments,
LLC is acting as the lead book-running manager and Dominari
Securities LLC is acting as co-manager.
A registration statement, including a
preliminary prospectus, relating to these securities has been filed
with the U.S. Securities and Exchange Commission and became
effective on August 14, 2023. The offering is being made only by
means of a prospectus. Copies of the final prospectus, when
available, may be obtained from EF Hutton, division of Benchmark
Investments, LLC, 590 Madison Avenue, 39th Floor, New York, NY
10022, Attention: Syndicate Department, or via email at
syndicate@efhuttongroup.com or telephone at (212) 404-7002.
This press release shall not constitute an offer
to sell or the solicitation of an offer to buy these securities,
nor shall there be any sale of these securities in any state or
jurisdiction in which such offer, solicitation or sale would be
unlawful prior to registration or qualification under the
securities laws of any such state or jurisdiction.
About SRM
Entertainment, Inc.
SRM Entertainment, Inc. is a trusted toy and
souvenir designer and developer, selling into the world's largest
theme parks and entertainment venues. SRM has developed,
manufactured, and supplied the entertainment and amusement park
industry with exclusive products that are often only available to
consumers inside SRM's worldwide customer bases venues such as Walt
Disney Parks and Resorts, Universal Studios, SeaWorld, Six Flags,
Great Wolf Lodge, Dollywood, and Merlin Entertainment.
Caution Regarding Forward-Looking
Statements
This press release contains forward-looking
statements that include, without limitation, references to SRM’s
expectations regarding the commencement of trading on the Nasdaq
Capital Market and the completion of SRM’s initial public offering.
These statements are subject to certain risks, uncertainties and
assumptions that are difficult to predict, including those that are
described more fully in the section captioned “Risk Factors” in the
Registration Statement for the offering to which this press release
relates that has been filed with the Securities and Exchange
Commission. Forward-looking statements contained in this
announcement are made as of this date, and SRM undertakes no duty
to update such information except as required under applicable
law.
Media and Investor Relations
Info@SRMentertainment.com(407)-230-8100
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