The NFT Gaming Company Announces Pricing of $7 Million Initial Public Offering
The NFT Gaming Company Inc., a company developing a digital gaming platform and community that will offer users the ability to mint unique avatars playable in all of the games on the platform in the form of non-fungible tokens (NFTs), announced the pricing of its initial public offering of 1,686,747 shares of common stock (the Common Stock) at a public offering price of $4.15 per share of Common Stock, for aggregate gross proceeds of approximately $7 million, prior to deducting underwriting discounts, commissions, and other offering expenses and excluding any exercise of the underwriters’ option to purchase any additional securities as described herein. In addition, the Company has granted the underwriters a 45-day option to purchase up to an additional 253,012 shares of Common at the public offering price less the underwriting discounts and commissions.
The Company has received approval to list its Common Stock and on The Nasdaq Capital Market, with its Common Stock trading under the symbol “NFTG”. Laidlaw & Company (UK) Ltd and Revere Securities LLC are acting as joint book-running managers for the offering.
