Welcome to our dedicated page for IOTHREE news (Ticker: IOTR), a resource for investors and traders seeking the latest updates and insights on IOTHREE stock.
iOThree Limited provides maritime digital technologies, including satellite connectivity, shipboard IT integration, vessel equipment, and digitalization solutions for customers in Singapore and other regional markets. Company news commonly covers product certifications, customer deployments, technology partnerships, and platform updates tied to onboard connectivity, surveillance, cybersecurity, navigation support, maintenance workflows, and fleet operations.
Recurring developments include approvals for systems such as V.Secure and F.R.I.D.A.Y PMS, deployments and enhancements for V.Sight, and collaborations that add AI-assisted navigation or expand maritime digital services into specific markets. Updates also include financial results, Nasdaq listing-compliance matters, shareholder communications, and capital actions affecting ordinary shares, Class A shares, preferred shares, and warrants.
iOThree , a Singapore-based maritime digital technologies provider, has announced the pricing of its Initial Public Offering (IPO) on the Nasdaq Capital Market under ticker IOTR. The company is offering 2,100,000 ordinary shares at $4.00 per share, comprising 1,650,000 shares from the company and 450,000 from selling shareholders.
The company expects to raise $6.6 million in gross proceeds, with net proceeds of approximately $4.6 million after deductions. An additional 45-day over-allotment option for 247,500 shares has been granted to underwriters. Trading is set to commence on April 10, 2025, with closing expected on April 11, 2025.
The net proceeds will fund solution development for JARVISS, maritime organization class approvals, marketing initiatives, and working capital purposes. Eddid Securities USA Inc. leads the underwriting, with Network 1 Financial Securities, Inc. as co-underwriter.