Innovation Economy registers $39.9 million of its stock for units IPO

Bookrunner TriPoint Global Equities sells units of shares and warrants

By Devika Patel

Knoxville, Tenn., April 6 – Innovation Economy Corp. will price its initial public sale of units with a 45-day greenshoe, according to a Form S-1 filed Monday with the Securities and Exchange Commission. The company has registered up to $39.9 million of stock.

The company will sell units of common shares and warrants. The warrant will be exercisable at 125% of the unit price for three years.

TriPoint Global Equities, LLC is the bookrunner.

Proceeds will be used for development and commercialization, acquisitions, administrative expenses and working capital.

Innovation Economy, based in Riverside, Calif., is a life and health sciences technology company that does business under the name “ieCrowd.” It expects its shares will trade on the Nasdaq exchange under the symbol “MYIE.”

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