Xspand Products Lab Announces Pricing of $6.5 Million Initial Public Offering
02 Maggio 2018 - 2:48PM
Xspand Products Lab, Inc. (“Xspand”), a
full-service product development company, today announced the
pricing of its initial public offering of approximately 1,301,385
shares of its common stock at a public offering price of $5.00 per
share. All of the shares of common stock are being offered by
Xspand. The shares are expected to begin trading on the NASDAQ
Capital Market on May 1, 2018 under the ticker symbol “XSPL”.
The offering closed on April 30, 2018, subject to the
satisfaction of customary closing conditions. Proceeds from the
initial public offering will be used for partial consideration for
potential acquisitions and general working capital.
Alexander Capital, L.P. is acting as the sole book-running
manager for the offering.
A registration statement relating to these securities was
declared effective by the U.S. Securities and Exchange Commission.
This press release shall not constitute an offer to sell or the
solicitation of an offer to buy 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.
The offering will be made only by means of a prospectus. A copy
of the final prospectus relating to this offering, when available,
will be filed with the SEC and may also be obtained from Alexander
capital, L.P., 17 State Street, 5th Floor, New York, NY 10004,
Attn: Chris Carlin or via email at
ccarlin@alexandercapitallp.com.
About Xspand Products Lab, Inc.Xspand Products
Lab, Inc. is a vertically integrated and full-service product
development and manufacturing company, including design, sales,
fulfillment and shipping. Xspand's model is to provide a risk
mitigated platform that connects innovators with companies to bring
new products to market. For more information, please visit
www.xspandproductslab.com.
Safe HarborCertain statements in this press
release constitute "forward-looking statements" within the meaning
of the federal securities laws. Words such as "may," "might,"
"will," "should," "believe," "expect," "anticipate," "estimate,"
"continue," "predict," "forecast," "project," "plan," "intend" or
similar expressions, or statements regarding intent, belief, or
current expectations, are forward-looking statements. While the
Company believes these forward-looking statements are reasonable,
undue reliance should not be placed on any such forward-looking
statements, which are based on information available to us on the
date of this release. These forward looking statements are based
upon current estimates and assumptions and are subject to various
risks and uncertainties, including without limitation those set
forth in the Company's filings with the Securities and Exchange
Commission (the "SEC"), not limited to Risk Factors relating to its
business contained therein. Thus, actual results could be
materially different. The Company expressly disclaims any
obligation to update or alter statements whether as a result of new
information, future events or otherwise, except as required by
law.
Investor Relations Contact:Greg
FalesnikManaging Director MZ North AmericaDirect:
949-385-6449XSPL@mzgroup.uswww.mzgroup.us
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