Flewber Global, an air transportation firm offering private flights, announced on Thursday its plans to launch an initial public offering (IPO) on the Nasdaq Capital Market. The company, known for its mobile application that offers access to regional and long-range private flights across the U.S., Canada, Mexico, and the Caribbean, is set to issue 1,555,556 units in its IPO.
Each unit in the IPO will consist of a share of common stock and a warrant granting the right to purchase an additional share. The company expects to price the offering between $4 and $5 per unit. The move to list on Nasdaq reflects Flewber Global's ambition to capitalize on its unique business model in the competitive aviation industry.
The IPO is being jointly managed by Maxim (NASDAQ:MXIM) Group and Joseph Gunnar & Co., emphasizing the significance of this offering to Flewber’s strategic growth plans. However, the company has not disclosed additional details about the IPO or its future strategies following the listing.
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