LAKEWOOD, N.J., March 9,
2023 /PRNewswire/ -- PishPosh, Inc. (NASDAQ: BABY)
("PishPosh" or the "Company"), a rapidly growing online retailer of
premium baby products, announced today that it was advised by
Boustead Securities, LLC ("Boustead"), the Company's lead
underwriter, that Boustead was postponing the Company's
previously-announced underwritten public offering that priced on
March 7, 2023. The Company's shares
of common stock were expected to begin trading on Nasdaq Capital
Market on March 8, 2023, under the
symbol "BABY." The initial public offering was expected to close on
or about March 10, 2023.
The Company's management intends to continue to focus on pursing
its initial public offering at a later date.
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.