MaxsMaking (MAMK) said late Tuesday it has closed its initial public offering of about 1.6 million A shares at $4 apiece, raising gross proceeds of $6.5 million.
MaxsMaking granted its underwriter a 45-day option to purchase up to an additional 243,750 A shares.
The company said the use of proceeds include for production expansion, strategic investments, and research and development.
The shares began trading on Nasdaq Monday.
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