Caring Brands said late Wednesday it priced an underwritten public offering of 1 million shares at $4 per share, for gross proceeds of about $4 million.

The company said it granted underwriters a 45-day option to purchase up to an additional 150,000 shares at the offering price, minus underwriting discounts and commissions.

Caring Brands said its shares have been approved for listing on Nasdaq, with trading expected to begin Thursday, under the CABR ticker.

Proceeds from the offering, expected to close on Friday, will be used for general working capital, including marketing and sales efforts for its proprietary products and repayment of certain debt, it added.