EzFill Holdings, which provides an on-demand fuel delivery service in Florida via mobile app, raised $25 million by offering 6.3 million shares at $4, as expected.
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 plans to list on the Nasdaq under the symbol EZFL. ThinkEquity acted as sole bookrunner on the deal.
