An update from Massimo Group (MAMO) is now available.
Massimo Group successfully launched their initial public offering on April 1, 2024, selling 1.3 million shares at $4.50 each and raising $5.85 million, with their stock now trading on the Nasdaq under “MAMO.” The underwriters, led by Craft Capital Management, have an option for 45 days to buy additional shares to manage over-allotments. Furthermore, the company appointed four new directors, including three independent ones to various board committees, signaling a strengthening of its corporate governance as it embarks on this new chapter as a publicly-traded entity.
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