Reticulate Micro, which provides video compression-based software and hardware products, withdrew its plans for an initial public offering on Thursday. It had filed in October 2023 to raise $12 million by offering 2 million shares at a price range of $5 to $7.
The Palm Bay, FL-based company was founded in 2020 and had planned to list on the NYSE American under the symbol RMIC. Boustead Securities was set to be the sole bookrunner on the deal.
