Bookrunner Burnham Securities raises funds for marketing and new hires
By Devika Patel
Knoxville, Tenn., May 19 – Code Rebel Corp. said it settled its $5.01 million initial public offering of stock. The best-efforts deal was announced March 30 and priced for $10 million on May 13.
The company sold 1,000,983 common shares at $5.00 apiece.
Burnham Securities Inc. was the bookrunner.
Proceeds will be used for marketing, new hires, development, debt reduction, working capital and general corporate purposes.
The software company is based in Kahului, Hawaii. The company intends to list its common stock on the Nasdaq under the symbol “CDRB.”
| Issuer: | Code Rebel Corp.
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| Issue: | Common stock
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| Amount: | $5,004,915
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| Shares: | 1,000,983
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| Price: | $5.00
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| Warrants: | No
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| Bookrunner: | Burnham Securities Inc.
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| Announcement date: | March 30
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| Pricing date: | May 13
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| Settlement date: | May 19
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| Stock exchange: | Nasdaq: CDRB
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