By Khyathi Dalal,
SQL Technologies (SKYX) priced its upsized 1.65M shares IPO at a price of $14/share; underwriters granted 30-day option to purchase up to 247.5K additional shares.
The offering price was increased from a preliminary range of $11.00 to $13.00 to a price of $14/share.
Gross proceeds are expected to be $23.1M.
Shares are expected to commence trading under the symbol, “SKYX” from today.
Offer is expected to close on Feb.14.
Sky Technologies has a series of highly disruptive advanced-safe-smart platform technologies, with 60+ U.S. and global patents and patent pending applications.