IDW Media Holdaings, Inc. has priced its public offering at $3.60 per share for 2.5 million shares of its Class B Common Stock, the company announced, and will begin trading on the small cap NYSE American exchange on Wednesday under the ticker IDW. An over-allotment of 375,000 shares is available to the underwriter. E.F. Hutton is the sole book-running manager for the offering.
The public offering will bring in around $9 million before expenses for existing shareholders, including Chairman Howard Jonas (see “IDW Plans Offering, Move to NYSE American”).
It’s been a long road for IDW, which first announced plans to move to an exchange listing in 2015 (see “Corporate Reorganization to Lead IDW to Exchange Listing”), two CEOs ago.
Source: ICv2
