Bookrunner Aegis Capital will help finance general corporate purposes
By Devika Patel
Knoxville, Tenn., Oct. 30 – Moko Social Media Ltd. said it priced its $2.55 million public offering of American Depositary Shares with a $337,500 greenshoe. The deal was announced Oct. 23.
The company will sell 1.5 million ADSs at $1.70 apiece. The price per ADSs is a 13.27% discount to the Oct. 29 closing share price of $1.96. Each ADS represents 40 ordinary shares.
Aegis Capital Corp. is the bookrunner.
Settlement is expected Nov. 4.
Proceeds will be used for general corporate purposes.
The social media company is based in Sydney, Australia.
| Issuer: | Moko Social Media Ltd.
|
| Issue: | American depositary shares
|
| Amount: | $2.55 million
|
| Greenshoe: | $337,500, or 225,000 ADSs
|
| ADS: | 1.5 million
|
| Price: | $1.70
|
| Warrants: | No
|
| Bookrunners: | Aegis Capital Corp.
|
| Announcement date: | Oct. 23
|
| Pricing date: | Oct. 30
|
| Settlement date: | Nov. 4
|
| Stock exchange: | Nasdaq: MOKO
|
| Stock price: | $1.96 at close Oct. 29
|
| Market capitalization: | $23.8 million
|
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