Pinnacle Food Group Ltd

Pinnacle Food Group Ltd (PFAI) priced its initial public offering on Apr 21, 2025 at $4.00 per share, raising $7.2M, and listed on Nasdaq Capital Market. At the IPO price its market capitalization was about $16M. Carter Ledyard & Milburn, Conyers Dill & Pearman and DLA Piper advised the company and VCL Law advised the underwriters.

Pinnacle Food Group Ltd sells hydroponic growing systems and technical support services to households and community groups and is developing a system for urban farms. It also provides agricultural data intelligence, installation and consulting.

Status

IPO

Ticker

PFAI

Exchange

Nasdaq Capital Market

Priced

Apr 21, 2025

IPO price

$4.00

Raised

$7.2M

Market cap at IPO price

$16M

First filed

Feb 27, 2025

Company counsel

Carter Ledyard & Milburn, Conyers Dill & Pearman and DLA Piper

Underwriters' counsel

VCL Law

Sector

Agriculture

Country / state

British Columbia, Canada

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