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NEW YORK - WhiteFiber, Inc., a provider of artificial intelligence infrastructure solutions, announced Wednesday the pricing of its upsized initial public offering of 9,375,000 ordinary shares at $17.00 per share. The shares will trade in USD on the Nasdaq Capital Market.
The company’s shares are expected to begin trading on the Nasdaq Capital Market Thursday under the ticker symbol "WYFI," with the offering scheduled to close on Friday, subject to customary closing conditions.
WhiteFiber has granted underwriters a 30-day option to purchase up to an additional 1,406,250 ordinary shares at the initial offering price, less underwriting discounts and commissions.
B. Riley Securities and Needham & Company are serving as joint book-running managers for the offering, with Macquarie Capital also acting as a book-runner. Roth Capital Partners is the lead manager, while Craig-Hallum and Clear Street are co-managers.
The company provides high-performance computing data centers and cloud services designed for generative AI workloads. Following the completion of this offering, WhiteFiber will operate as a separate public company after being carved out of Bit Digital, Inc. Track WhiteFiber’s performance metrics and get exclusive insights with InvestingPro, featuring real-time data, financial health scores, and expert analysis for newly listed companies.
A registration statement relating to the offering was declared effective by the SEC on Wednesday, according to the company’s press release statement.
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