Laminera Circulation Optimization Plans IPO of 1.6M Models
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By Stephen Nakrosis
Laminera Circulation Optimization Ltd. mentioned Friday it plans to supply 1.6 million items in its deliberate preliminary public providing, and expects the items to cost between $4.25 and $6.25 every.
The pipe transportation know-how firm additionally mentioned it plans to supply sure consumers the choice to buy as much as 1.6 million pre-funded items, if sure possession targets had been reached.
“We’re dedicated to enhancing and optimizing the worldwide infrastructure of water, oil and fuel pipeline transportation by decreasing power prices, upkeep prices, and enhancing capability with out having to switch infrastructure,” Laminera mentioned.
The corporate mentioned it utilized to record on the Nasdaq Capital Market. Aegis Capital Corp. is listed because the providing’s sole book-running supervisor.
The Israel-based firm additionally famous it has skilled web losses “in each interval since our inception in 2017.” The corporate mentioned it posted a web lack of $137,259 for the yr ended Dec. 31, 2021, and a web lack of $267,373 for 2020.
Write to Stephen Nakrosis at stephen.nakrosis@wsj.com
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