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PicoCELA, Inc. ADR ( (PCLA) ) has shared an update.
On May 22, 2025, PicoCELA Inc. announced the pricing of a best-efforts follow-on public offering of 6,100,000 American Depositary Shares at $0.30 per share, with the offering closing on May 27, 2025. The company plans to use 70% of the net proceeds for working capital and general corporate purposes, and 30% for product development and research. This strategic move is expected to bolster PicoCELA’s financial position and support its ongoing product innovation efforts, potentially enhancing its competitive stance in the wireless mesh solutions industry.
More about PicoCELA, Inc. ADR
PicoCELA Inc. is a Tokyo-based company specializing in enterprise wireless mesh solutions. The company manufactures, installs, and services mesh Wi-Fi access point devices, utilizing its proprietary PicoCELA Backhaul Engine technology to eliminate the need for extensive LAN cabling. Additionally, PicoCELA offers a cloud portal service, PicoManager, for monitoring connectivity and communication traffic, and installing edge-computing software on its PCWL mesh Wi-Fi access points.
Average Trading Volume: 260,128
See more insights into PCLA stock on TipRanks’ Stock Analysis page.