Inno holdings inc. announces closing of $10,000,000 initial public offering

Brookshire, tx, dec. 18, 2023 (globe newswire) -- inno holdings inc. (“inno” or the “company”) (nasdaq capital market: inhd), an innovative building-technology company with a mission to transform the construction industry with our proprietary cold-formed steel-framing technology and other building innovations, today announced the closing of its previously announced initial public offering of 2,5000,000 shares of common stock priced at $4.00 per share, for total gross proceeds of $10,000,000, before deducting underwriting discounts and other offering expenses (the “offering”). the offering closed on december 18, 2023. the shares of common stock began trading on the nasdaq capital market stock exchange on december 14, 2023, under the ticker symbol “inhd.” the company has granted the underwriters an option, within 45 days from the date of the final prospectus, to purchase up to an additional 375,000 shares of common stock at the public offering price, less underwriting discounts, to cover over-allotment, if any.
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