Adamas one announces closing of initial public offering

Scottsdale, ariz., dec. 14, 2022 (globe newswire) -- adamas one corp. (nasdaqcm: jewl) (“adamas one” or the “company”), the original lab-grown diamond company ™, a high-tech company that leverages proprietary technology to produce high-quality, single-crystal, lab-grown diamonds for jewelry and diamond materials for industrial uses, today announced the closing of its underwritten initial public offering of 2,450,000 shares of common stock at the public offering price of $4.50 per share for gross proceeds of $11,025,000, before underwriting discounts and commissions and offering expenses. in addition, the company has granted the underwriters a 45-day option to purchase up to an additional 367,500 shares of its common stock.
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