Invizyne Technologies Announces Filing of Registration Statement for Proposed Offering and Listing on Nasdaq
12 Febbraio 2024 - 2:00PM
Invizyne Technologies, Inc., a leading designer of
enzyme-based biomanufacturing systems – and a subsidiary
of
MDB Capital Holdings, LLC,
(NASDAQ:MDBH) ("MDB") – today announced it has filed
a registration statement on Form S-1 with the U.S. Securities and
Exchange Commission ("SEC") for the sale of its common stock in a
firm commitment public offering.
The offering shall be for 4,300,000 shares of common stock at a
price per share of $4.00, for gross proceeds of $17.2 million.
Invizyne has applied to list its common shares on The Nasdaq Stock
Market under the ticker symbol "IZTC."
Public Ventures, LLC will be acting as the underwriter and sole
book manager for the proposed offering. Digital Offering, LLC will
be acting as the qualified independent underwriter. Public
Ventures, LLC is a subsidiary of MDB and an affiliate of
Invizyne.
In allocating the shares to be sold, Public Ventures, LLC
intends to give preference to holders of MDB Class A Shares, after
which it will give preference to the other beneficial shareholders
of MDB and then of Invizyne. To the extent these foregoing groups
do not purchase all the available shares, including the
overallotment, then shares will be sold to other persons making an
indication for purchase of shares through their respective brokers
or dealers.
A registration statement relating to these securities has been
filed with the SEC but has not yet become effective. These
securities may not be sold, nor may offers to buy be accepted,
prior to the time the registration statement becomes effective.
This press release does not constitute an offer to sell or the
solicitation of an offer to buy any securities herein, 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.
A copy of the prospectus related to the offering and included in
the registration statement, when available, may be obtained by
visiting the SEC website or by emailing Invizyne’s Investor
Relations department at IR@invizyne.com.
About Invizyne Technologies, Inc.
Invizyne Technologies, Inc., a subsidiary of MDB Capital
Holdings, LLC, (NASDAQ:MDBH) ("MDB") (www.mdb.com), is an
enzyme-based biomanufacturing technology company headquartered in
Monrovia, California. Invizyne is redefining biomanufacturing by
leveraging cell-free, multi-step, enzyme-based systems to
efficiently transform natural or renewable resources into highly
sought after chemicals. The management of Invizyne believes that
the Invizyne biomanufacturing platform, known as SimplePath™, will
be a significant alternative to the current methods of chemical
compound production, which are generally chemical synthesis,
natural extraction, and synthetic biology. The objective for
SimplePath™ platform is to enable the efficient production of a
diverse range of chemicals, including pharmaceuticals, fuels,
materials, food additives, and novel compounds. The
SimplePath™ platform not only can maximize the value of these
resources but also will contribute to the development of novel
chemical compounds that should open new markets and business
opportunities.
For more information, please
visit www.invizyne.com
Media contacts: press@invizyne.com
Partnership contacts: partners@invizyne.com
Forward-Looking StatementsThis press release contains
"forward-looking statements." These forward-looking statements are
made as of the date they were first issued and were based on
current expectations, estimates, forecasts and projections as well
as the beliefs and assumptions of management. Words such as
"expect," "anticipate," "should," "believe," "hope," "target,"
"project," "goals," "estimate," "potential," "predict," "may,"
"will," "might," "could," "intend," "shall" and variations of these
terms or the negative of these terms and similar expressions are
intended to identify these forward-looking statements.
Forward-looking statements are subject to a number of risks and
uncertainties, many of which involve factors or circumstances that
are beyond Invizyne's control. Invizyne's actual results could
differ materially from those stated or implied in forward-looking
statements due to a number of factors. The forward-looking
statements included in this press release represent Invizyne's
views as of the date of this press release. Invizyne anticipates
that subsequent events and developments will cause its views to
change. Invizyne undertakes no intention or obligation to update or
revise any forward-looking statements, whether as a result of new
information, future events or otherwise. These forward-looking
statements should not be relied upon as representing Invizyne's
views as of any date subsequent to the date of this press
release.
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