Micropolis Holding Company Announces Pricing of Its Initial Public Offering

Core Viewpoint - Micropolis Holding Company has announced the pricing of its initial public offering (IPO) of 3,875,000 Ordinary Shares at $4.00 per share, aiming for total gross proceeds of $15.5 million before underwriting discounts and expenses [1][3]. Group 1: Offering Details - The Ordinary Shares are set to begin trading on the NYSE American under the ticker symbol "MCRP" on March 7, 2025, with the offering expected to close on March 10, 2025, pending customary closing conditions [1]. - The underwriters have an option to purchase up to 581,250 additional Ordinary Shares within 45 days of the closing of the offering to cover over-allotments [2]. - The offering was conducted on a firm commitment basis, with Network1 Financial Securities, Inc. acting as the sole book-running manager [4]. Group 2: Use of Proceeds - Micropolis plans to utilize the proceeds from the offering for various purposes, including talent acquisition, marketing, acquisition of machinery and advanced equipment, R&D expenses, repayment of related party loans, and general corporate purposes [3]. Group 3: Company Background - Micropolis is a robotics manufacturer founded in 2014, based in Dubai, UAE, specializing in autonomous mobile robots (AMRs) that utilize wheeled electric vehicle platforms [7]. - The company integrates application-specific pods into its robots, which can serve various functions such as surveillance, logistics, and collaborative robotics [7].