Cuprina (CUPR) said Thursday it has completed the sale of 450,000 additional Class A shares after the underwriter fully exercised its over-allotment option.

The shares were sold at the IPO price of $4.00 each, before underwriting discounts, the company said.

With this, the company's total gross proceeds reached $13.8 million, which includes $12 million raised earlier through the initial public offering, it added.

Shares of the company were down nearly 13% in recent trading.

Price: 4.62, Change: -0.68, Percent Change: -12.83