Corphousing group inc. announces listing on nasdaq and pricing of $13.5 million initial public offering

Miami, fl, aug. 12, 2022 (globe newswire) -- corphousing group inc. (“corphousing” or the “company”)  (nasdaq: chg), a company engaged in the short-term rental of hotel units to guests across major metropolitan cities in the united states, today announced the pricing of its initial public offering of 3,375,000 shares of its common stock at a public offering price of $4.00 per share, for gross proceeds of approximately $13.5 million, before deducting underwriting discounts and offering expenses. in addition, corphousing has granted the underwriters a 45-day option to purchase up to an additional 506,250 shares of common stock to cover over-allotments at the initial public offering price, less the underwriting discount.the shares of common stock are expected to begin trading on the nasdaq capital market on august 12, 2022, under the symbol “chg”.  the offering is expected to close on august 16, 2022, subject to satisfaction of customary closing conditions.
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