NYIAX, which provides an advertising marketplace and contract management platform, withdrew its plans for an initial public offering on Friday. It originally filed in June 2022 and most recently planned to raise $8 million by offering 2.1 million shares $4.
The New York, NY-based company was founded in 2012 and booked $1 million in revenue for the 12 months ended September 30, 2023. It had planned to list on the Nasdaq under the symbol NYX. WestPark Capital and D. Boral Capital were set to be the joint bookrunners on the deal.
