AIXI prices initial $38.7M public offering of 5.7M ADSs, each representing one-third of an ordinary share of the company, at a public offering price of $6.8 per ADS.
The ADSs are expected to begin trading on the Nasdaq Global Market under the ticker symbol “AIXI” on March 9, 2023.
Underwriters option to purchase additional 855K ADSs at the initial public offering price.
The total proceeds from the offering are expected to be ~$38.76M (or $44.57M if the underwriters exercise their option to purchase additional ADSs in full.)
The offering is expected to close on March 13, 2023.