By Tom Zanki (August 25, 2022, 3:34 PM EDT) — Israeli drone technology provider Mobilicom Ltd. jumped in debut trading Thursday after the company priced an upsized $12 million initial public offering, guided by Sichenzia Ross Ference LLP and underwriter counsel McDermott Will & Emery LLP.
Shoham, Israel-based Mobilicom sold 2.9 million units — each consisting of one common share plus one warrant — at $4.13 each. The company had previously planned to offer 1.7 million shares, before revising the terms of its offering.
Mobilicom’s U.S. shares rose $1.79, or 43%, to $5.91 in afternoon trading Thursday on the Nasdaq exchange under the symbol “MOB.” The company’s U.S. offering follows a…
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