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IPO · FRZA

Forza X1, Inc.

Forza X1, Inc. (FRZA) priced its initial public offering on Aug 15, 2022 at $5.00 per share, raising $15M, and listed on Nasdaq Capital Market. At the IPO price its market capitalization was about $50M. ThinkEquity was lead-left underwriter. Blank Rome advised the company and Sichenzia Ross Ference Carmel advised the underwriters.

Forza X1, Inc. produces electric sport boats to encourage sustainable recreational boating. Its boats are designed as integrated products with a fiberglass hull, a proprietary outboard electric motor and a control system, using electric vehicle technology.

Status
IPO
Ticker
FRZA
Exchange
Nasdaq Capital Market
Priced
Aug 15, 2022
IPO price
$5.00
Raised
$15M
Market cap at IPO price
$50M
First filed
Dec 23, 2021
Underwriters
ThinkEquity
Company counsel
Blank Rome
Underwriters' counsel
Sichenzia Ross Ference Carmel
Sector
Industrials & materials
Country / state
FL

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

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