AINewsBreaks – Micropolis Holding Company (NYSE American: MCRP) Secures $15.5M in Initial Public Offering
Micropolis (NYSE American: MCRP), a United Arab Emirates-based robotics manufacturer, specializes in developing autonomous mobile robots that utilize wheeled electric vehicle platforms and are equipped with autonomous driving capabilities. The company recently announced the closing of its underwritten initial public offering of 3,875,000 Ordinary Shares, each at a public offering price of $4.00, for total gross proceeds of $15.5 million. Micropolis granted the underwriters an option to purchase up to 581,250 additional Ordinary Shares within 45 days of the closing of the offering at the public offering price, less underwriting discounts, to cover the over-allotment option, if exercised. The company…