Phaos Technology Holdings (Cayman) Limited, an advanced microscopy solutions company, closed its initial public offering of 2,700,000 class A ordinary shares at $4.00 per share, raising $10,800,000 before expenses. The shares are now trading on NYSE American under “POAS” with an option for an additional 405,000 shares. Network 1 Financial Securities, Inc. was the sole book-running manager for the Offering. The Offering was made in accordance with the U.S. Securities Act of 1933 and a final prospectus is available on the SEC’s website. Phaos Technology specializes in state-of-the-art microscopy products and software solutions for various sectors.

Read more at GlobeNewswire: Phaos Technology Announces Closing of Initial Public