Amphitrite Digital, which provides maritime tours and activities in the continental US and US Virgin Islands, filed on Tuesday with the SEC to raise up to $10 million in an initial public offering.
The St. Thomas, US Virgin Islands-based company plans to raise $10 million by offering 1.9 million shares at a price range of $4.25 to $6.25. At the midpoint of the proposed range, Amphitrite Digital would command a fully diluted market value of $81 million.
Amphitrite Digital provides in-destination tours, activities, and attractions in the continental US and US Virgin Islands (USVI) using itineraries that feature up-close encounters with marine wildlife, nature, history, and culture. Its maritime expeditions involve travel to destinations such as the USVI, Panama City Beach, Florida, and Chicago, Illinois. Amphitrite Digital owns 14 luxury catamarans and power boats in the USVI, 12 catamaran yachts and power boats in Panama City, and offers a variety of maritime tours on Lake Michigan from Chicago on the Tall Ship Windy, a traditional four-masted topsail schooner ship.
Amphitrite Digital was founded in 2015 and booked $7 million in revenue for the 12 months ended September 30, 2023. It plans to list on the Nasdaq under the symbol AMDI. The company filed confidentially on June 16, 2023. Maxim Group LLC is the sole bookrunner on the deal.
