Mobilicom, which makes hardware, software, and cybersecurity products for small drones and robotics, announced terms for its IPO on Monday.
The Shoham, Israel-based company plans to raise $10 million by offering 2.2 million ADSs at $4.65, the as-converted May 31 close of its shares on the ASX (MOB). At the proposed price, Mobilicom would command a market value of $20 million.
Because the company's post-IPO market cap is below $50 million, Mobilicom will be excluded from Renaissance Capital's 2022 IPO stats.
Mobilicom designs, develops, and manufactures hardware, software, and cybersecurity products that are embedded in small drones (SUAVs) and robotics. The company's customer base spans the US, Europe, and Israel, and it primarily generates revenue from the sale of its hardware and from licensing fees and professional support services related to its software and cybersecurity solutions.
Mobilicom was founded in 2006 and plans to list on the Nasdaq under the symbol MOB. ThinkEquity is the sole bookrunner on the deal.
