Pinnacle Food Group Ltd announces initial public offering priced at $4 per share.
From GlobeNewswire: 2025-04-21 18:00:00
Pinnacle Food Group Limited has announced the pricing of its initial public offering of 1,800,000 Class A common shares at $4.00 per share, with potential for an additional 270,000 shares. The Company expects to receive $7.2 million in gross proceeds and plans to use it for expanding their hydroponic growing systems and business development. The Class A common shares will trade under the ticker symbol “PFAI” on the Nasdaq Capital Market starting April 22, 2025. Craft Capital Management LLC is the underwriters’ representative for the offering, which is expected to close on April 23, 2025.
This offering is being made by Pinnacle Food Group Limited to raise funds for expanding their hydroponic growing systems and business development. The firm commitment initial public offering includes 1,800,000 Class A common shares priced at $4.00 per share, with an option for an additional 270,000 shares. The Company expects to raise $7.2 million in gross proceeds, before deducting underwriting discounts, to further enhance their smart farming capabilities. The Class A common shares will start trading on the Nasdaq Capital Market under the ticker symbol “PFAI” on April 22, 2025, following the expected closing of the offering on April 23, 2025. Craft Capital Management LLC serves as the representative of the underwriters for this offering.
Pinnacle Food Group Limited, based in Vancouver, Canada, specializes in selling smart hydroponic growing systems and technical support services to households, community groups, and urban farms. The Company’s tailored hardware solutions and data-driven support aim to maximize smart farming productivity. To learn more about Pinnacle Food Group Limited, visit their website at https://www.pinnaclefoodinc.com. Investors interested in the offering can obtain more information from the Company’s filings with the SEC, available for review at www.sec.gov.
Read more at GlobeNewswire: Pinnacle Food Group Limited Announces Pricing of $7.2