By Stephen Nakrose
Laminera Flow Optimization Ltd. announced on Friday that it plans to offer 1.6 million units in its proposed initial public offering and expects the units to cost between $4.25 and $6.25 each.
The pipe transportation technology company also said it plans to offer certain buyers the option to purchase up to 1.6 million pre-financed units if certain ownership goals are met.
“We are committed to improving and optimizing the global infrastructure that transports water, oil and gas pipelines by reducing energy costs, reducing maintenance costs and increasing capacity without having to replace infrastructure,” said Laminera.
The company said it applied to list on the Nasdaq Capital Market. Aegis Capital Corp. is listed as the sole book-running manager of the offering.
The Israel-based company also noted that it has suffered net losses “in every period since our inception in 2017.” The company announced that it had a net loss of $137,259 for the year ended December 31, 2021 and a net loss of $267,373 for 2020.
Write to Stephen Nakrosis at [email protected]
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