Adamas One Corp.

Adamas One Corp. (JEWL) priced its initial public offering on Dec 6, 2022 at $4.50 per share, within its $4.50–$5.00 range, raising $11M, and listed on Nasdaq Capital Market. At the IPO price its market capitalization was about $82.4M. Alexander Capital was lead-left underwriter, joined by Network 1 and Financial. Greenberg Traurig advised the company and Carmel, Milazzo & Feil advised the underwriters.

Adamas One Corp. is a high-tech diamond company using proprietary chemical vapor deposition technology to produce single crystal lab-grown diamonds and diamond materials. Lab-grown diamonds share the physical, chemical and optical properties of mined diamonds.

Status

IPO

Ticker

JEWL

Exchange

Nasdaq Capital Market

Priced

Dec 6, 2022

IPO price

$4.50

Price range

$4.50–$5.00

Raised

$11M

Market cap at IPO price

$82.4M

First filed

May 31, 2022

Underwriters

Alexander Capital, Network 1 and Financial

Company counsel

Greenberg Traurig

Underwriters' counsel

Carmel, Milazzo & Feil

Sector

Industrials & materials

Country / state

AZ

Market cap at IPO price = shares outstanding after the offering (all classes, before the over-allotment option) × the IPO price, from the final prospectus.