CleanCore Solutions, which makes aqueous ozone cleaning products, filed on Tuesday with the SEC to raise up to $8 million in an initial public offering.
The Omaha, NE-based company plans to raise $8 million by offering 1.5 million shares at a price range of $4 to $6. At the midpoint of the proposed range, CleanCore Solutions would command a fully diluted market value of $53 million.
CleanCore is focused on creating safe, clean spaces that are free from any chemical residue or skin irritants. The company specializes in the development and manufacturing of cleaning products that produce pure aqueous ozone for professional, industrial, or home use. It believes its patented nanobubble technology is highly effective in cleaning, sanitizing, and deodorizing surfaces and high-touch areas.
The Omaha, NE-based company was founded in 2014 and booked $2 million in sales for the 12 months ended September 30, 2023. It plans to list on the NYSE American but has not selected a symbol yet (RC ticker: CORE.RC). CleanCore Solutions filed confidentially on February 15, 2023. Boustead Securities is the sole bookrunner on the deal.
