Forza x1 announces pricing of $8 million public offering

Fort pierce, fl / accesswire / june 12, 2023 / forza x1, inc. (nasdaq:frza) ("forza," the "company"), a developer of electric sport boats aimed at promoting sustainable recreational boating, announced today the pricing of an underwritten public offering of 5,334,000 shares of its common stock at a price to the public of $1.50 per share for gross proceeds of approximately $8 million, before deducting underwriting discounts and offering expenses. in addition, forza has granted the underwriters a 45-day option to purchase up to an additional 800,100 shares of common stock to cover over-allotments at the public offering price, less the underwriting discount.
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