CleanCore Solutions, Inc. Announces Closing of Initial Public Offering
April 30 2024 - 2:30PM
CleanCore Solutions, Inc. (NYSE American: ZONE)
(“CleanCore” or the “Company”), developer of the patented
aqueous ozone technology that works as an all-purpose cleaner,
announced the closing of its initial public offering (the
“Offering”) of 1,250,000 shares of common stock at a price to the
public of $4.00 per share for gross Offering proceeds of $5,000,000
before deducting underwriting discounts, commissions, and offering
expenses payable by the Company.
After deducting underwriting discounts, commissions, and other
offering expenses, the Company received net proceeds of
approximately $3,760,000. The Company intends to use the net
proceeds from this Offering for the repayment of certain debt,
research and development and for intellectual property, and for
working capital and general corporate purposes.
The Company’s common stock began trading on the NYSE American
stock exchange on Friday, April 26, 2024, under the ticker symbol
“ZONE”.
The offering was made only by means of a prospectus and pursuant
to the Company’s Registration Statement on Form S-1, as amended
(File No. 333-274928), which was filed with the U.S. Securities and
Exchange Commission (“SEC”) and subsequently declared effective by
the SEC on Thursday, April 25, 2024. Copies of the final prospectus
are available on the SEC website at www.sec.gov, or may be obtained
from may be obtained from Boustead Securities, LLC, 6 Venture,
Suite 395, Irvine, California 92618, by phone at
+1-949-502-4408 or by email at offerings@boustead1828.com.
This press release shall not constitute an offer to sell or the
solicitation of an offer to buy these securities, nor shall there
be any sale of these securities in any state or jurisdiction in
which such offer, solicitation or sale would be unlawful prior to
registration or qualification under the securities laws of any such
state or jurisdiction.
Bevilacqua PLLC served as legal counsel to the Company and
ArentFox Schiff LLP served as legal counsel to Boustead Securities,
LLC for the initial public offering.
About CleanCore Solutions
CleanCore Solutions, Inc. (NYSE American: ZONE) is dedicated to
revolutionizing cleaning and disinfection practices by harnessing
the power of its patented aqueous ozone technology. The Company’s
mission is to empower its customers with cost-effective,
sustainable solutions that surpass traditional cleaning methods.
Through innovation and commitment to excellence, CleanCore strives
to create a healthier, greener future for generations to come. For
more information, please visit https://www.cleancoresol.com/.
Forward Looking Statements
This press release may contain information about our views of
future expectations, plans and prospects that constitute
forward-looking statements. All forward-looking statements are
based on management’s beliefs, assumptions and expectations of
CleanCore’s future economic performance, taking into account the
information currently available to it. These statements are not
statements of historical fact. Although CleanCore believes the
expectations reflected in such forward-looking statements are based
on reasonable assumptions, it can give no assurance that its
expectations will be attained. CleanCore does not undertake any
duty to update any statements contained herein (including any
forward-looking statements), except as required by law.
Forward-looking statements are subject to a number of factors,
risks and uncertainties, some of which are not currently known to
us, that may cause CleanCore’s actual results, performance or
financial condition to be materially different from the
expectations of future results, performance or financial position.
Actual results may differ materially from the expectations
discussed in forward-looking statements. Factors that could cause
actual results to differ materially from expectations include
general industry considerations, regulatory changes, changes in
local or national economic conditions and other risks set forth in
“Risk Factors” included in our filings with the SEC.
Investor Relations:Crescendo Communications,
LLCEmail: zone@crescendo-ir.comTel: (212) 671-1020 x305
Underwriter Contact:Boustead Securities,
LLCBrinson LingenfelterTel: (949) 502-4408Email:
Brinson@boustead1828.com
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