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Concorde International Group (NASDAQ: CIGL) has successfully completed its Initial Public Offering (IPO), raising $5.0 million in gross proceeds through the sale of 1,250,000 Class A ordinary shares at $4.00 per share. Trading began on the Nasdaq Capital Market on April 22, 2025, under ticker 'CIGL'.
The underwriters have a 45-day option to purchase up to 187,500 additional shares. R.F. Lafferty & Co. served as the sole book-running manager for this firm commitment offering.
The company plans to utilize the net proceeds for:
- Purchase and rollout of electric vehicular mobile command centers
- Research and development activities
- Regional market development and new market exploration
- Product development
- Working capital and general corporate purposes
Concorde International Group (NASDAQ: CIGL), a security services provider combining physical manpower and technology, has announced the pricing of its Initial Public Offering of 1,250,000 Class A ordinary shares at $4.00 per share.
Trading is set to commence on April 22, 2025, on the Nasdaq Capital Market under 'CIGL'. The company expects to raise $5.0 million in gross proceeds, with underwriters having a 45-day option to purchase an additional 187,500 shares.
The IPO proceeds will fund:
- Purchase of electric vehicular mobile command centers
- Research and development activities
- Regional market development
- Product development
- Working capital and general corporate purposes
R.F. Lafferty & Co. is serving as the sole book-running manager for this firm commitment offering, expected to close around April 23, 2025.
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