EzFill Holdings, which provides on demand fuel delivery services via mobile app in South Florida, filed on Tuesday with the SEC to raise up to $25 million.
The Miami, FL-based company plans to raise $25 million by offering 6.3 million shares at $4. At the proposed price, EzFill Holdings would command a fully diluted market value of $104 million.
EzFill is an app-based mobile-fueling company in South Florida, providing fuel-delivery to customers in the consumer, commercial, and specialty verticals. The company's app-based interface provides customers the ability to select the time and location of their fueling needs, both "on demand" and structured within routine delivery schedules. The company currently operates a fleet of 13 delivery trucks, and plans to acquire additional trucks.
EzFill Holdings was founded in 2019 and booked $4 million in revenue for the 12 months ended March 31, 2021. It plans to list on the Nasdaq under the symbol EZFL. The company filed confidentially on November 27, 2020. ThinkEquity is the sole bookrunner on the deal.
