Core AI Holdings, Inc.

Core AI Holdings, Inc. (SIM) priced its initial public offering on Sep 28, 2020 at $6.00 per share, raising $12.6M, and listed on Nasdaq Capital Market. At the IPO price its market capitalization was about $18.7M. Maxim Group was lead-left underwriter. Cassels, Lucosky Brookman and Naschitz Brandes Amir advised the company and Loeb & Loeb advised the underwriters.

At its 2020 IPO, Siyata Mobile Inc. (now Core AI Holdings, Inc.) developed 4G cellular communications products under the Uniden Cellular and Siyata brands, including in-vehicle devices for commercial fleets, rugged handhelds for industrial workers and cellular signal amplifiers.

Status

IPO

Ticker

SIM

Exchange

Nasdaq Capital Market

Priced

Sep 28, 2020

IPO price

$6.00

Raised

$12.6M

Market cap at IPO price

$18.7M

First filed

Aug 24, 2020

Underwriters

Maxim Group

Company counsel

Cassels, Lucosky Brookman and Naschitz Brandes Amir

Underwriters' counsel

Loeb & Loeb

Sector

Other

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