jxfzsy
Israeli video technology provider Beamr Imaging (BMR) has updated the terms for its proposed $15 million initial public offering in the US.
Beamr said in a filing that it is now looking to offer 3M stock at $5 a share, which would raise $15 million. The underwriters will receive a 45-day option to purchase up to an additional 450,000 shares.
The video technology company expects to list its shares on the Nasdaq under the symbol BMR. Think Equity acts as lead book manager.
Beamr is a provider of technology solutions for video encoding, transcoding and optimization. Its clients include video streaming platforms and Hollywood studios. For 2021, the company posted a net loss of $952,000 on revenue of $3.3 million.
In the July filing, Beamr said it wanted to offer 1.4 million shares priced between $10 and $12 a share, which would have raised $15 million if it were mid-priced.
For a more detailed look at Beamr, see SA contributor Donovan Jones’ “Beamr Imaging Aims for $15 Million US IPO.”
Last weekend, I wrote about Warren Mosler's argument that the Fed's rate hikes could be…
Last weekend, I he wrote on Warren Mosler's argument that the Fed's rate hikes could…
Last week, the chairman of the Fed, Jerome Powell said, "the disinflationary process has begun".…
Earlier this week, I joined Romaine Bostick and Scarlet Fu Bloomberg TV. The Congressional Budget…
Tomorrow morning, I'll be joining CNBC's Squawk Box to talk about a new effort tax…
Former Vice President Mike Pence talks about privatizing Social Security. The remarks came Thursday before…