LAKEWOOD, N.J., March 8,
2023 /PRNewswire/ -- PishPosh, Inc. (NASDAQ: BABY)
("PishPosh" or the "Company"), a rapidly growing online retailer of
premium baby products, announced today the pricing of its initial
public offering of 1,820,000 shares of common stock at a price of
$5.00 per share to the public for a
total of $9,100,000 of gross proceeds
to the Company.
The shares are expected to begin trading on the Nasdaq Capital
Market today, under the symbol "BABY." The offering is expected to
close on or about March 10, 2023,
subject to customary closing conditions.
Boustead Securities, LLC acted as the sole underwriter for the
offering.
The offering is being made only by means of a prospectus. A copy
of the final prospectus related to the offering may be obtained,
when available, from Boustead Securities, LLC, via
email: offerings@boustead1828.com, or by calling +1 (949)
502-4408, or by standard mail at Boustead Securities, LLC, Attn:
Equity Capital Markets, 6 Venture, Suite 395, Irvine, CA 92618, USA. In addition, a copy of the final
prospectus, when available, relating to the offering may be
obtained via the SEC's website at www.sec.gov.
A registration statement on Form S-1 (File No. 333-263805)
relating to these securities was filed with the Securities and
Exchange Commission and was declared effective on February 14, 2023. 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.
About PishPosh
PishPosh is a rapidly growing online retailer of premium baby
products. Based on our experience in the industry, we believe that,
since its founding in 2015, PishPosh has established itself as a
leading e-commerce platform with an extraordinarily engaged
customer base of middle- and upper-class mothers. PishPosh
distinguishes itself by offering new and unique brands/products
that inspire moms to shop. We are primarily a baby gear
distributor based in Lakewood, New
Jersey. We showcase and sell our products through our
showroom boutique and our website, www.pishposhbaby.com, third
party marketplaces like Amazon.com and our boutique (on site).
Learn more at www.pishposhbaby.com
Cautionary Note Concerning Forward-Looking Statements
This press release contains "forward-looking statements" within
the meaning of the Private Securities Litigation Reform Act of
1995, including with respect to the proposed offering. No assurance
can be given that the underwriters will exercise their
overallotment option. Factors that could cause actual results to
differ materially include, but are not limited to, the risk factors
described in PishPosh's filings with the SEC. PishPosh's filings
can be obtained free of charge on the SEC's website at www.sec.gov.
Except to the extent required by law, PishPosh expressly disclaims
any obligations or undertaking to release publicly any updates or
revisions to any forward-looking statements contained herein to
reflect any change in PishPosh's expectations with respect thereto
or any change in events, conditions or circumstances on which any
statement is based.
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SOURCE PishPosh, Inc.