CleanCore Solutions, which makes aqueous ozone cleaning products, raised $5 million by offering 1.3 million shares at $4, the low end of the range of $4 to $6.
Because the company has a market cap of less than $50 million at pricing, CleanCore Solutions will be excluded from Renaissance Capital's 2024 IPO stats.
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.
CleanCore Solutions plans to list on the NYSE American under the symbol ZONE. Boustead Securities acted as sole bookrunner on the deal.
