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2022-01-25 20:40
07:36 AM EST, 01/25/2022 (MT Newswires) -- FGI Industries on Tuesday priced its initial public offering of 2.5 million units, each consisting of one ordinary share and one warrant to purchase one ordinary share, at $6.00 per unit for expected gross proceeds of about $15 million.
The company, which sells kitchen and bath products, has granted the underwriters a 45-day option to purchase up to an additional 375,000 ordinary shares and/or additional warrants.
The units are immediately separable and will be issued separately in the offering. The ordinary shares and warrants are expected to begin trading on the Nasdaq Capital Market on Tuesday under the symbols "FGI" and "FGIWW," respectively.
The offering is expected to close on Thursday, FGI Industries said.