CIRCLE8 Group Inc

CIRCLE8 Group Inc (SQL) priced its initial public offering on Aug 30, 2021 at $4.24 per share, below its $4.25–$5.25 range, raising $13M, and listed on Nasdaq Capital Market. At the IPO price its market capitalization was about $49.6M. Maxim Group was lead-left underwriter. Pryor Cashman advised the company and Ellenoff Grossman & Schole advised the underwriters.

At its 2021 IPO, SeqLL Inc. (now Circle8 Group) was a development-stage life sciences instrumentation and research services company. It used True Single Molecule Sequencing technology to help researchers and clinicians study the molecular mechanisms of disease across multiple omics fields.

Status

IPO

Ticker

SQL

Exchange

Nasdaq Capital Market

Priced

Aug 30, 2021

IPO price

$4.24

Price range

$4.25–$5.25

Raised

$13M

Market cap at IPO price

$49.6M

First filed

Apr 23, 2019

Underwriters

Maxim Group

Company counsel

Pryor Cashman

Underwriters' counsel

Ellenoff Grossman & Schole

Sector

Business services

Country / state

NJ

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