Massimo group announces closing of initial public offering and nasdaq listing

Garland, texas , april 4, 2024 /prnewswire/ -- massimo group (nasdaq: mamo) ("massimo"), a manufacturer and distributor of powersports vehicles and pontoon boats, today announced the closing of its initial public offering of 1,300,000 shares of its common stock at an initial public offering price of $4.50 per share. the aggregate gross proceeds from the offering, before deducting underwriting discounts and commissions and other offering expenses payable by massimo, were approximately $5.85 million.
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