Social Media Firm DatChat Closes US$12.0 Million IPO

Social media platform DatChat, Inc. (Nasdaq: DATS) closed on Tuesday its initial public offering on the Nasdaq Capital Market. The firm was able to raise approximately US$12.0 million in its debut on the big board.

The offering consisted of 2,891,567 company units at US$4.15 per unit, with each unit containing one common share and one series A warrant to purchase a share. The company’s shares are trading under the symbol “DATS” while the purchase warrants trade under “DATSW”.

EF Hutton, division of Benchmark Investments, acted as the lead bookrunner for the said offering.

Selkirk Copper Mines — sponsored Sponsored · Selkirk Copper Mines

The New Jersey-based firm’s main distinction as a communications platform is its value for privacy and control over digital information. Its flagship product, DatChat Messenger, allows users to control the visibility of chat messages even after sending, completely prevents screenshots, and uses blockchain technology to secure the data shared over the messaging app.

DatChat last traded at US$3.86 on the Nasdaq.


Information for this briefing was found via Sedar and the companies mentioned. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

Why Is This $1.5 Billion Gold Story Worth Just $37 Million? | Fredonia Mining PEA

This Copper Stock Exploded Before Anyone Knew the Grade | Decade Resource

Silver Miners Will Crush Gold Miners | Adrian Day

Recommended

Mercado Minerals Signs LOI for La Franca, Adding 750 Metres of Undrilled Vein at Zamora

Goliath Hits Visible Gold In Bonanza Zone Step-Outs, Drills 9.12 g/t Gold Equivalent Over 11.27 Metres

Related News

Biotech SPAC Larkspur Health Acquisition Prices US$75 Million IPO

After filing for registration in May 2021, special purpose acquisition company Larkspur Health Acquisition Corp....

Tuesday, December 21, 2021, 01:54:00 PM

Investment Firm-Backed SPAC Sound Point Acquisition I Prices Upsized US$225 Million IPO

Special purpose acquisition company Sound Point Acquisition Corp I (Nasdaq: SPCMU) started trading publicly on...

Wednesday, March 2, 2022, 02:23:00 PM

Oncology Firm Erasca Eyes US$300 Million IPO

Precision oncology company Erasca Inc. (NASDAQ: ERAS) began trading on the Nasdaq Global Select Market...

Friday, July 16, 2021, 11:20:00 AM

Electric Vehicle SPAC Arogo Capital Acquisition Prices Downsized US$90 Million IPO

Special purpose acquisition company Arogo Capital Acquisition Corp. (Nasdaq: AOGOU) will start on Monday to...

Friday, December 24, 2021, 02:46:00 PM

ESG SPAC GSR II Meteora Acquisition Prices Upsized US$275 Million IPO

Special purpose acquisition company GSR II Meteora Acquisition Corp (Nasdaq: GSRMU) started trading publicly on...

Friday, February 25, 2022, 03:04:00 PM