Vocodia Holdings Corp Announces Closing of $5.95 Million Initial Public Offering and the First IPO to be Listed on The BZX Exchange of CBOE Global Markets
CHICAGO, Feb. 26, 2024 /PRNewswire/ -- Vocodia Holdings Corp (CBOE: VHAI) ("Vocodia" or the "Company"), an AI software company that builds practical AI functions, today announced the closing of its underwritten initial public offering of 1,400,000 Units (collectively the "Units" or "Unit"), each consisting of one share of common stock of the Company, par value $0.0001 ("Common Stock"), one Series A Warrant to purchase one share of Common Stock exercisable at $5.5250 (the "Series A Warrant"), and one Series B Warrant to purchase one share of Common Stock exercisable at an exercise price of $8.5000 (the "Series B Warrant"), at a public offering price of $4.2500 per Unit (the "Public Offering Price").
- On February 26, 2024, the underwriters partially exercised their over-allotment option to purchase an additional 70,118 Series B Warrants for a total consideration of $8,764.75.
- On February 26, 2024, the Company received gross proceeds from the offering, before underwriting discounts and commissions and estimated offering expenses payable by the Company of $5,558,764.75.
- The securities described above have been offered by Vocodia pursuant to a registration statement on Form S-1, as amended (File No.
- 333-269489) that was declared effective by the U.S. Securities and Exchange Commission (the "SEC") on February 14, 2024.