InterCloud Systems plans to price initial public offering of its stock

Company seeks to trade shares on Nasdaq; proceeds fund working capital

By Devika Patel

Knoxville, Tenn., Dec. 5 - InterCloud Systems, Inc. will price its initial public offering of common stock, according to a Form S-1 filed Wednesday with the Securities and Exchange Commission. The company plans to list its shares on the Nasdaq under the symbol "ICLD."

Proceeds will be used for working capital and other general corporate purposes.

The company's stock (OTCBB: GGHO) last closed at $0.026 per share on Nov. 26.

Based in Boca Raton, Fla., the company is an end-to-end solution provider of cloud and managed service-based platforms, professional services, applications and infrastructure to the telecommunications industry and corporate enterprises.

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