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Henderson, Nevada, June 23, 2021 (Universal News Service)-Adopted New media line – Grove, Inc. (NASDAQ stock code:GRVI) (“Grove” or “Company”), today announced an underwriting initial public offering price of approximately US$11 million at a public offering price of US$5.00 per share before deduction of underwriting discounts. , Commissions and other issuance costs. In addition, the company has granted underwriters a 45-day option to purchase up to 330,000 additional shares at the public offer price minus underwriting discounts and commissions. The issuance is expected to be completed on or around June 28, 2021, subject to customary closing conditions.
The company has been approved to list its common stock on the Nasdaq Capital Market under the symbol “GRVI”, and the transaction is expected to begin on June 24, 2021.
EF Hutton, a division of Benchmark Investments, LLC, is the only…
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