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Sonic toothbrush maker Bruush Oral Care (BRSH) has filed to boost round $17M in a US preliminary public providing.
The Canadian firm didn’t disclose the variety of items or pricing in its submitting however said in its submitting price schedule that it hopes to raise up to $17.3M through the unit sale.
Every unit is predicted to consist of 1 share plus one warrant to purchase one share on the IPO worth. If the train of assorted warrants is included, the deal could raise up to $67M.
Bruush has utilized to have its shares listed on Nasdaq below the image BRSH. Aegis Capital is serving as sole bookrunner.
The corporate markets higher-end sonic-powered toothbrushes and head replacements by e-commerce websites, together with Amazon and Macy’s. Later this yr, it plans to roll out associated merchandise similar to youngsters toothbrushes, toothpaste, floss, mouthwash and whitening pens.
Based in 2018, Bruush is currently operating in the red. For the 9 months ended Oct. 31, 2021, the corporate reported a web lack of $2M on income of $4M.
For extra IPO information, take a look at SA’s IPO News page.
