Results

Aether Holdings Inc.

04/16/2025 | Press release | Distributed by Public on 04/16/2025 14:30

Material Event (Form 8-K)

Item 8.01 Other Events.

As previously reported, on April 11, 2025, Aether Holdings, Inc. (the "Company") consummated its initial public offering (the "Offering") of 1,800,000 shares of the Company's common stock, par value $0.001 per share, at a price to the public of $4.30 per share, generating gross proceeds of $7,740,000. The Company entered into an underwriting agreement (the "Underwriting Agreement") with The Benchmark Company, LLC and Axiom Capital Management, Inc., acting as the representatives of the several underwriters (the "Representatives"), in connection with the Offering, pursuant to which the Company granted the Representatives an option, exercisable for 30 days, to purchase up to an additional 270,000 shares of common stock at the public offering price of $4.30 (the "Over-Allotment Option").

On April 16, 2025, the Company closed on the fully exercised Over-Allotment Option resulting in additional gross proceeds to the Company of approximately $1.16 million, before deducting underwriting discounts, commissions and estimated offering expenses. After giving effect to the full exercise of the Over-Allotment Option, a total of 2,070,000 shares of common stock have been issued and sold in the Offering, and the gross proceeds from the Offering, including the full exercise of the Over-Allotment Option, before deducting underwriting discounts, commissions and estimated offering expenses, was approximately $8.9 million

Aether Holdings Inc. published this content on April 16, 2025, and is solely responsible for the information contained herein. Distributed via Edgar on April 16, 2025 at 20:31 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]