Picocela Inc., a Tokyo-based provider of enterprise wireless mesh solutions, has announced the pricing of its public offering of 6,100,000 American Depositary Shares (ADSs) at $0.30 per share. The offering is expected to generate gross proceeds of $1,830,000 before deducting expenses. The proceeds will be used primarily for working capital, general corporate purposes, and product development. Revere Securities LLC is the lead placement agent, with Dominari Securities LLC as co-placement agent, for this offering. The offering is anticipated to close soon, contingent on customary closing conditions.
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