FAQ: WhiteFiber, Inc. IPO Over-Allotment Exercise and Company Overview
Summary
WhiteFiber, Inc. announced that underwriters fully exercised their over-allotment option in the company's IPO, generating an additional $23.9 million and bringing total gross proceeds to approximately $183.3 million.
What is the main announcement in this press release?
WhiteFiber, Inc. announced that the underwriters of its completed initial public offering fully exercised their option to purchase an additional 1,406,250 ordinary shares at $17.00 per share.
How much additional funding did WhiteFiber receive from the over-allotment exercise?
The over-allotment exercise generated approximately $23.9 million in additional gross proceeds for the company.
What was the total amount raised in WhiteFiber’s IPO?
The total aggregate gross proceeds from the IPO reached approximately $183.3 million after the over-allotment exercise.
When did WhiteFiber’s shares begin trading on Nasdaq?
The company’s shares began trading on the Nasdaq Capital Market on August 7, 2025, under the ticker symbol WYFI.
What is WhiteFiber’s business and what services do they provide?
WhiteFiber is a provider of artificial intelligence infrastructure solutions, owning high-performance computing data centers and providing cloud services to customers through a vertically integrated model that combines specialized colocation, hosting, and cloud services.
Which financial institutions managed WhiteFiber’s IPO?
B. Riley Securities and Needham & Company acted as joint book-running managers, with Macquarie Capital as book-runner, Roth Capital Partners as lead manager, and Craig-Hallum and Clear Street as co-managers.
Why is the full exercise of the over-allotment option significant?
The full exercise indicates strong investor demand for WhiteFiber’s shares and provides the company with additional capital to support its AI infrastructure business operations and growth initiatives.
Where can I find more information about WhiteFiber?
For more information, visit www.whitefiber.com or follow the company on LinkedIn and X @WhiteFiber_.
How many total shares were sold in WhiteFiber’s IPO?
The over-allotment exercise increased the total number of shares sold in the IPO to 10,781,250 ordinary shares.
What was the price per share in the IPO?
The shares were sold at $17.00 per share in both the initial offering and the over-allotment exercise.
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