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CaliberCos (CWD) has downsized its proposed preliminary public providing but once more, this time to $4M from $6M.
The Arizona-based asset administration agency stated in a submitting that it is now providing 800K shares priced at $5 apiece. Underwriters can be given a 45-day possibility to purchase as much as 120K extra shares to cowl any over-allotments.
CalibersCos is hoping to listing its shares on Nasdaq beneath the image CWD. Spartan Capital is serving as lead bookrunner.
In March, CaliberCos lowered the scale of the deal to $6M, indicating it was seeking to supply 1.2M shares priced at $5.
Caliber initially filed for the IPO in September 2022. The proposed deal known as for providing 1.6M shares priced between $5 and $6, which might have raised round $9M.
