Ealixir, which provides tech services focused on the removal of negative online content, filed on Monday with the SEC to raise up to $15 million in an initial public offering. The company is currently quoted on the OTC under the symbol "EAXR".
Ealixir provides online reputation management (ORM) services, centered on its operational philosophy that its clients should have the "right to be forgotten," or the right to have outdated negative information or harmful spurious content removed from the internet. The company offers its suite of ORM services and digital privacy solutions to individuals, professional organizations, and SMBs. Ealixir has minimal operating history and has generated minimal revenues to date.
The Miami, FL-based company was founded in 2018 and booked $5 million in revenue for the 12 months ended September 30, 2022. It plans to list on the Nasdaq under the symbol EAXR. Spartan Capital Securities is the sole bookrunner on the deal. No pricing terms were disclosed.
