Core Points - Pinnacle Food Group Limited has announced the pricing of its initial public offering (IPO) of 1,800,000 Class A common shares at a price of $4.00 per share, with an additional option for underwriters to purchase 270,000 shares [1][2] - The company expects to raise gross proceeds of $7.2 million from this offering, which will be used for expanding hydroponic system capabilities, business development, and general corporate purposes [2] - The Class A common shares have been approved for listing on the Nasdaq Capital Market under the ticker symbol "PFAI," with trading expected to commence on April 22, 2025 [3] Company Overview - Pinnacle Food Group Limited is based in Vancouver, Canada, and specializes in selling smart hydroponic growing systems and providing technical support services to households, community groups, and urban farms [8] - The company offers tailored hardware solutions and data-driven support to optimize smart farming productivity for its users [8]
Pinnacle Food Group Limited Announces Pricing of $7.2 Million Initial Public Offering