Friday, April 23, 2021

MissionIRNewsBreaks – Infobird Software Co. Ltd. (NASDAQ: IFBD) Closes on $25M Initial Public Offering

 Infobird Software (NASDAQ: IFBD), a software-as-a-service (“SaaS”) provider of artificial intelligence (“AI”)-powered customer engagement solutions in China, has closed on its previously announced underwritten initial public offering. The offering, which consisted of 6,250,000 ordinary shares offered at $4 per share, resulted in gross proceeds for the company of $25 million before typical fees and offering expenses. In the announcement, Infobird noted that the ordinary shares were approved for listing on the Nasdaq Capital Market and began trading on April 20, 2021, under the ticker symbol IFBD. The company also announced that it has granted the underwriters a 45-day option to purchase no more than 937,500 additional ordinary shares at the initial public offering price.

To view the full press release, visit https://ibn.fm/nOXaS

About Infobird Software Co. Ltd.

Infobird, headquartered in Beijing, China, is a software-as-a-service provider of innovative AI-powered, or artificial intelligence enabled, customer engagement solutions in China. For more information about the company, visit www.Infobird.com.

NOTE TO INVESTORS: The latest news and updates relating to IFBD are available in the company’s newsroom at https://ibn.fm/IFBD

About MissionIRNewsBreaks

MissionIRNewsBreaks provide a rapid summary of corporate news that catch the attention of MissionIR. MissionIRNewsBreaks are created by our Team of professional journalists that keep a constant eye on the markets, these posts are designed to inform you on the latest happenings of our clients and other publicly traded companies on our radar. From earnings, acquisitions and agreements to conference attendance and clinical study results, our news breaks keep you up-to-date with the day’s top movers. MissionIR is primarily focused on strategic communications. We have executed countless communications programs to address the needs of companies ranging from start-ups to established industry leaders, gaining valuable experience and the expertise necessary to determine the most effective strategy for any given situation.

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