Aether Holdings Announces Closing of Initial Public Offering
NEW YORK, April 11, 2025 (GLOBE NEWSWIRE) -- Aether Holdings, Inc. (NASDAQ:ATHR) ("we," "us," "our," "Aether," or the "Company"), an emerging financial technology holding company offering software, data, and artificial intelligence technology to institutional and self-directed investors, is pleased to announce the closing of its initial public offering of 1,800,000 shares of its common stock at a price to the public of $4.30 per share on April 11, 2025.
The gross proceeds to Aether from the offering, before deducting underwriting discounts and commissions and other offering expenses, were $7,740,000, and net proceeds were approximately $6,520,000. The shares sold in the offering began trading on the Nasdaq Capital Market under the symbol "ATHR" on April 10, 2025.
Aether intends to use the net proceeds from the offering to further the design and development of its products, hire additional employees, including in the areas of finance, accounting, sales, marketing, securities research, and copy editing, sales and marketing expenses, and general corporate purposes and working capital.
The Benchmark Company, LLC and Axiom Capital Management, Inc. acted as joint book-running managers for the offering. Ellenoff Grossman & Schole LLP acted as counsel to Aether. Sheppard, Mullin, Richter & Hampton LLP acted as counsel to the underwriters. ZH CPA LLC are Aether's registered independent auditors.
A registration statement relating to Aether's initial public offering has been filed with the U.S. Securities and Exchange Commission, and was declared effective on April 9, 2025. Final prospectuses for the offering and related resale by selling stockholders were filed with the U.S. Securities and Exchange Commission on April 11, 2025. This registration statement and final prospectuses can be obtained by visiting the SEC website at www.sec.gov. Please see such registration statement and final prospectuses for additional information regarding Aether.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy ...
https://www.benzinga.com/pressreleases/25/04/g44774178/aether-holdings-announces-closing-of-initial-public-offering
