Rhea-AI Summary
Modern Mining Technology (MDRN) has closed its initial public offering, raising US$39,999,997 to support its electronic-waste metals recovery business.
The company sold 9,411,764 common shares at US$4.25 per share. Trading on NYSE American is expected to begin November 13, 2026. The offering included 8,894,117 shares sold in the United States and jurisdictions other than Canada through Regulation A Tier 2, and 517,647 shares sold in Canada under a long-form prospectus. Modern Mining plans to increase processing capacity, expand operations and improve its technology.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags