MDB Capital Announces Record Date and Expected Timing for Initial Public Offering for Invizyne Technologies
2024年7月12日 - 5:05AM
MDB Capital Holdings, LLC, (NASDAQ: MDBH) (“MDB”),
a public venture platform focused on launching category-leading
deep technology companies, today announces the record date,
allocation preference, and expected timeline for the proposed
offering for
Invizyne Technologies, Inc.
In February 2024, Invizyne – a leading designer of
cell-free, enzyme-based biomanufacturing systems to produce
commercially important molecules and chemicals for everyday life
and a subsidiary of MDB Capital Holdings – filed its IPO
registration statement on Form S-1 with the U.S. Securities
and Exchange Commission ("SEC") for the sale of its common stock in
a firm commitment public offering.
The offering will be for 4,300,000 shares of common stock at a
price per share of $4.00, for gross proceeds of $17.2 million.
Invizyne has applied to list its common shares on The Nasdaq Stock
Market under the ticker symbol "IZTC".
As a MDB "Big Idea" Company, the broker dealer subsidiary of MDB
intends to give preference to holders of MDB Class A Shares
(Nasdaq: MDBH) for allocations in the Invizyne offering as
follows:
- Record Date: MDB Capital has set a record date
of July 22, 2024, for the purpose of the proposed offering.
- Allocation Preference: Any investor that holds
shares of MDBH on the record date (i.e. shares purchased and held
at least one day prior to July 22, 2024) will be entitled to
indicate for and receive an allocation to purchase one (1) share of
Invizyne for every share of MDBH they own.
- Additional Allocations: Shareholders may
indicate for additional shares of Invizyne than they are entitled
to based on MDBH ownership. Additional allocations will be made on
a pro-rata basis, if available. Afterward, if any shares in
the proposed offering are still available, indications from
non-MDBH shareholders will be considered.
- Indication Process and Deadline: All shares
sold in the offering need to be sold via MDB Capital or one of its
selling group members. Interested investors should contact MDB
Capital or one of its selling group members to make a formal
indication for the number of shares sought no later than August 5,
2024.
- Allocation Announcements and Proposed Timing:
Exact per share allocations in the offering will be communicated to
investors soon after the record date. The offering is expected to
close, with trading to begin on or before August 15, but is subject
to change. All allocations are subject to review for
suitability and compliance and as such, MDB may limit certain
allocations.
A registration statement relating to these securities has been
filed with the SEC but has not yet become effective. These
securities may not be sold, nor may offers to buy be accepted,
prior to the time the registration statement becomes effective.
This press release does not constitute an offer to sell or the
solicitation of an offer to buy any securities herein, nor shall
there be any sale of these securities in any state or jurisdiction
in which such offer, solicitation or sale would be unlawful prior
to registration or qualification under the securities laws of any
such state or jurisdiction.
A copy of the prospectus related to the offering and included in
the registration statement, when available, may be obtained by
visiting the SEC website or by emailing MDB’s broker dealer at
community@mdb.com.
About MDB Capital Holdings, LLC
Founded in 1997, MDB Capital focuses on launching “Big
Ideas” into valuable public companies with a better approach to
public venture capital. This approach involves community-driven
financings of pre-revenue, early-stage deep technology companies
through early public offerings, primarily listed on NASDAQ, as well
as post-IPO offerings for already public companies that fit MDB’s
overall criteria for investment.
MDB Capital is the brand under which MDB Capital Holdings, LLC
(NASDAQ: MDBH) and its subsidiaries operate and provide services,
which includes a self-clearing broker-dealer and trading platform
and an integrated, intellectual property (IP) strategy consulting
and law firm.
MDB Capital (a dba of Public Ventures, LLC) is a registered
broker-dealer, Member FINRA/SIPC.
For more information, please visit www.mdb.com.
Forward-Looking Statements
This press release contains "forward-looking statements." These
forward-looking statements are made as of the date they were first
issued and were based on current expectations, estimates, forecasts
and projections as well as the beliefs and assumptions of
management. Words such as "expect," "anticipate," "should,"
"believe," "hope," "target," "project," "goals," "estimate,"
"potential," "predict," "may," "will," "might," "could," "intend,"
"shall" and variations of these terms or the negative of these
terms and similar expressions are intended to identify these
forward-looking statements.
Forward-looking statements are subject to a number of risks and
uncertainties, many of which involve factors or circumstances that
are beyond MDB's control. MDB's actual results could differ
materially from those stated or implied in forward-looking
statements due to a number of factors, including but not limited
to, risks detailed in documents that may be filed by MDB from time
to time with the SEC. The forward-looking statements included in
this press release represent MDB's views as of the date of this
press release. MDB anticipates that subsequent events and
developments will cause its views to change. MDB undertakes no
intention or obligation to update or revise any forward-looking
statements, whether as a result of new information, future events
or otherwise. These forward-looking statements should not be relied
upon as representing MDB's views as of any date subsequent to the
date of this press release.
Investor Relations Contact:IR@mdb.com
Media Contact: press@mdb.com
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