Fort Lauderdale, Florida–(Newsfile Corp. – February 29, 2024) – Exchange Listing, LLC has successfully advanced the first Cboe IPO for Vocodia Holdings (CBOE: VHAI), marking a significant milestone for the company and its groundbreaking conversational AI technology marked.
On February 22, 2024, Vocodia Holdings launched its initial public offering, raising $5,950,000 before taking discounts, commissions and other offering expenses.
As a pioneer in AI software, Vocodia Holdings specializes in developing advanced AI capabilities and making them accessible to businesses via cloud-based platforms. These solutions are cost-effective and scalable to meet extensive business needs.
Brian Podolak, CEO of Vocodia, emphasized: “Exchange Listing's strategic advice on Vocodia's IPO journey was transformative and allowed me to focus on our core technology and business operations. With their deep insights into the nuances of the capital market and unwavering support every step of the way.” During the IPO process, they equipped my management team and I with the tools necessary to effectively maneuver through the complexities of the current public markets.
Peter Goldstein, CEO of Exchange Listing, praised the Vocodia team for their innovative use of AI and sales technology. He expressed his confidence in their ability to set new industry standards. “Vocodia’s commitment to innovation is impressive and their integration of AI into sales is transformative. “I'm excited about their development, particularly their ability to convert an upcoming customer pipeline into tangible revenue industry,” Goldstein noted, emphasizing his optimism for Vocodia's path forward.
Erik Sloane, Global VP of Corporate Listings at Cboe Global Markets, stated: “We have had the privilege of working with the Exchange Listing team on previous IPOs on our global platform with smooth and seamless results, and our collective efforts on the most recent Vocodia Holdings (CBOE:VHAI) The IPO was no exception. The Exchange Listing team brings a range of professional skills including expertise in banking, law and corporate communications. They are professional, transparent and targeted in their efforts to bring in qualified employees”
The story goes on
The initial public offering consisted of 1,400,000 units priced at $4.25 each, each unit comprising one common share, one Series A additional share warrant at $5.525 and one Series B warrant at $8.50 included.
The offering also includes a provision for the underwriters to purchase an additional 210,000 units within 45 days on the same terms as the initial offering.
Alexander Capital LP was the sole book-running manager, while Sichenzia Ross Ference Carmel LLP and Sullivan & Worcester LLP served as legal counsel to Vocodia and the underwriters, respectively.
About Vocodia Holdings Corp.
Vocodia is a conversational AI software company that develops and delivers scalable, enterprise-level AI sales and customer service solutions. The company develops practical AI capabilities that are easily accessible to enterprises on cloud-based platforms at a lower cost than traditional services and are scalable to large, multi-agent enterprise platforms. Vocodia's services enable AI salespeople to reduce human labor costs and responsibilities while increasing the reach and effectiveness of human-led, targeted, agenda-driven and conversational communications. Vocodia delivers its patent-pending conversational AI software in the form of Digital Intelligent Sales Agents (“DISAs”), which are built and programmed to sound human. The DISAs effectively carry out business tasks that normally require communication between people, thus providing the best representation for each of Vocodia's customers' businesses. Further information can be found at: www.vocodia.com.
Listing information
Exchange Listing offers growth companies direct access to a complete solution for strategic planning and implementation of listing on a leading exchange such as NASDAQ, NYSE and Cboe in a cost-effective and efficient process. We help clients go public, whether through an initial public offering, a listing on another market, a merger or a direct offering. We act as the first point of contact for the stock exchange, investment bankers, lawyers and other service providers. Our founders, strategic partners and advisors are entrepreneurs with backgrounds in investment banking, securities law, corporate governance and corporate governance and have served as executives and directors of public and private companies. We pride ourselves on taking a hands-on role with our clients throughout the listing process.
Contact details
Peter Goldstein
[email protected]
Company website:
https://exchangelistingllc.com/
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/199872
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