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iOThree Limited ( (IOTR) ) has shared an update.
On April 9, 2025, iOThree Limited entered into an underwriting agreement for its initial public offering (IPO) of 2,100,000 ordinary shares at $4.00 per share, with trading commencing on Nasdaq under the symbol ‘IOTR’ on April 10, 2025. The IPO, which closed on April 11, 2025, generated gross proceeds of $8.4 million, with the company receiving $6.6 million. The funds will be used for solution development, obtaining class approvals, marketing, and general corporate purposes, positioning iOThree to enhance its market presence and expand its customer base.
More about iOThree Limited
iOThree Limited is a leading provider of maritime digital technologies based in Singapore, specializing in satellite connectivity and digitalization solutions aimed at facilitating the maritime industry’s digital transformation.
For an in-depth examination of IOTR stock, go to TipRanks’ Stock Analysis page.