GARLAND, Texas, April 2, 2024 /PRNewswire/ — Massimo Group (NASDAQ: MAMO) (“Massimo”), a manufacturer and distributor of powersports vehicles and pontoon boats, today announced the pricing of its initial public offering of 1,300,000 shares of its common stock at a price of $4.50 per share.
The gross proceeds to Massimo from the offering, before deducting underwriting discounts and commissions and other offering expenses payable by the Company, are expected to be $5.85 million. In addition, the Company has granted the underwriters a 45-day option from the closing of the Offering to purchase up to an additional 195,000 shares of common stock at the public offering price, less underwriting discounts and commissions. The offering is expected to close on April 4, 2024, subject to the satisfaction of customary closing conditions. The shares are expected to begin trading on the…
