Invizyne files registration statement for proposed offering, listing on Nasdaq

Invizyne Technologies, a subsidiary of MDB Capital Holdings, has filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission for the sale of its common stock in a firm commitment public offering. The offering shall be for 4,300,000 shares of common stock at a price per share of $4.00, for gross proceeds of $17.2 million. Invizyne has applied to list its common shares on The Nasdaq Stock Market under the ticker symbol “IZTC.” Public Ventures, LLC will be acting as the underwriter and sole book manager for the proposed offering. Digital Offering, LLC will be acting as the qualified independent underwriter. Public Ventures, LLC is a subsidiary of MDB and an affiliate of Invizyne. In allocating the shares to be sold, Public Ventures, LLC intends to give preference to holders of MDB Class A Shares, after which it will give preference to the other beneficial shareholders of MDB and then of Invizyne. To the extent these foregoing groups do not purchase all the available shares, including the overallotment, then shares will be sold to other persons making an indication for purchase of shares through their respective brokers or dealers.