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Omaha, NE, April 26, 2024 — CleanCore Solutions, Inc. , developer of the patented aqueous ozone technology that works as an all-purpose cleaner, announced the pricing of its initial public offering of 1,250,000 shares of common stock at a price to the public of $4.00 per share for gross Offering proceeds of $5,000,000. The shares are expected to begin trading on the NYSE American stock exchange on Friday, April 26, 2024, under the ticker symbol “ZONE”.
The Offering is expected to close on Tuesday, April 30, 2024, subject to the satisfaction of customary closing conditions. Net proceeds to the Company, after deducting underwriting discounts and commissions and other offering expenses, are expected to be approximately $3,760,000. The Company intends to use the net proceeds from this Offering for the repayment of certain debt, research and development and for intellectual property, and for working capital and general corporate purposes.
In addition, the Company has granted the underwriters a 45-day option to purchase up to an additional 187,500 shares, at the Offering price, less underwriting discounts and commissions.The Offering is being conducted pursuant to the Company’s Registration Statement on Form S-1 previously filed with, and subsequently declared effective on Thursday, April 25, 2024, by the U.S. Securities and Exchange Commission . The Offering is being made only by means of a prospectus.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, 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.CleanCore Solutions, Inc.
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