Veg House Holdings, which operates e-commerce platforms for plant-based consumer goods, filed on Monday with the SEC to raise up to $5 million in an initial public offering.
The Fort Lauderdale, FL-based company plans to raise $5 million by offering 1 million shares at $5. At the proposed price, Veg House Holdings would command a market value of $82 million.
Veg House is developing a portfolio of businesses that offer plant-based consumer goods through e-commerce, seeking to represent a one-stop-shop for everything plant-based. Its current portfolio consists of e-commerce platforms PlantX and Vegan Essentials, which offer more than 5,000 plant-based products directly to consumers throughout North America.
Veg House Holdings traces its roots to 2019 and booked $3 million in sales for the 12 months ended September 30, 2023. It plans to list on the Nasdaq under the symbol VEG. EF Hutton is the sole bookrunner on the deal.
