AINewsBreaks – WhiteFiber, Inc. (NASDAQ: WYFI) Underwriters Fully Exercise Over-Allotment Option in IPO
WhiteFiber (NASDAQ: WYFI) announced that underwriters of its completed initial public offering fully exercised their option to purchase an additional 1,406,250 ordinary shares at $17.00 per share, generating approximately $23.9 million in additional gross proceeds. The exercise increased the total number of shares sold in the IPO to 10,781,250 and aggregate gross proceeds to about $183.3 million. The company’s shares began trading on the Nasdaq Capital Market on Aug. 7, 2025, under the ticker WYFI. B. Riley Securities and Needham & Company acted as joint book-running managers for the offering, with Macquarie Capital as book-runner, Roth Capital Partners as lead…