Forex News
Host Digital Proposes $17.5M Stock Offering
Host Digital Inc. has proposed a $17.5 million underwritten public offering of Class A common stock, with all shares to be sold by the company.
- Host Digital Inc. resulted from a business combination with Host Digital Infrastructure LLC.
- The company has proposed a $17.5 million underwritten public offering of Class A common stock.
- Host Digital Inc. was formerly known as Healthy Choice Wellness Corp..
- Cantor is acting as lead book-running manager for the offering.
- Siebert, A.G.P. and Clear Street are serving as joint book-running managers.
Offering Details
Host Digital Inc. has proposed an underwritten public offering of $17.5 million of Class A common stock. All shares in the offering will be sold by the company.
The offering is registered under a prospectus supplement filed under Form S-3, File No. 333-291258. There is no assurance the offering will be completed.
Underwriters
Cantor is serving as lead book-running manager. Siebert, A.G.P. and Clear Street are joint book-running managers.
Company Background
Host Digital Inc. was formerly named Healthy Choice Wellness Corp.. It resulted from a business combination with Host Digital Infrastructure LLC.
The company describes itself as a digital infrastructure company focused on development, acquisition, ownership and operation of institutional-quality data centers in the United States. Its ticker is recorded as NYSE American: HCWC.
Use of Proceeds
Proceeds are intended for data center investments, general and administrative expenses, capital expenditures, working capital and other general corporate purposes.