Minim, which provides Motorola branded routers and modems, filed on Friday with the SEC to raise up to $29 million. Currently listed on the OTC (MINM), Minim expects to begin trading on the Nasdaq on July 7th, after which it will pursue a follow-on share offering underwritten by B. Riley Securities.
Because the company is not listing in connection with its offering, it will be excluded from our 2021 IPO stats.
Formerly known as Zoom Telephonics, the Manchester, NH-based company was founded in 1977 and booked $51 million in sales for the 12 months ended March 31, 2021. It plans to list on the Nasdaq under the symbol MINM. No pricing terms were disclosed.
