Je cleantech holdings limited announces closing of initial public offering

Singapore, april 26, 2022 /prnewswire/ -- je cleantech holdings limited (nasdaq: jcse) (the "company"), a cayman islands exempted company that is based in singapore, today announced the closing of its firm commitment initial public offering of 3,020,000 ordinary shares (which includes 20,000 shares of the over-allotment) at a public offering price of $4.00 per share, for total gross proceeds of approximately $12.08 million before deducting underwriting discounts, commissions and other related expenses. additionally, in connection with the initial public offering, a selling shareholder sold 750,000 ordinary shares at $4.00 per share, for total gross proceeds of $3.0 million before deducting underwriting discounts, commissions and other related expenses.
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