WhiteFiber announces exercise in full of over-allotment option in IPO

WhiteFiber (WYFI) announced that the underwriters of its previously completed initial public offering of ordinary shares have fully exercised their option to purchase an additional 1,406,250 ordinary shares at the public offering price of $17.00 per share, resulting in additional gross proceeds of approximately $23.9M. After giving effect to the exercise of the over-allotment option, the total number of ordinary shares sold by WhiteFiber in the initial public offering increased to 10,781,250 shares and the gross proceeds increased to approximately $183.3M in the aggregate. The exercise of the over-allotment option is expected to close on September 4, 2025, subject to customary closing conditions. The ordinary shares began trading on The Nasdaq Capital Market on August 7, 2025 under the symbol “WYFI.” B. Riley Securities and Needham & Company acted as the joint book-running managers for the offering. Macquarie Capital also acted as a book-runner for the offering. Roth Capital Partners acted as lead manager for the offering. Craig-Hallum and Clear Street acted as co-managers for the offering.