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Lucosky Brookman is a leader in the representation of small and micro-cap companies. The Firm has led it clients through numerous capital raise transaction and over a dozen uplisting and initial public offering transactions.  Access the latest news about Lucosky Brookman, our clients’ business transactions and industry updates here. 

Lucosky Brookman LLP Successfully Represents Australian Company, Advanced Human Imaging Limited, in a $10.5 Million Initial Public Offering of American Depositary Shares (ADS)

Lucosky Brookman LLP congratulates its Australian client, Advanced Human Imaging Limited (ASX:AHI) (NASDAQ: AHI) on its successful closing of its U.S. initial public offering of 1,000,000 units at a price to the public of US$10.50 per unit. Each unit issued in the offering consists of two American Depositary Shares ("ADSs") and one warrant to purchase one ADS. Each ADS offered represents 7 ordinary shares of AHI. The warrants will be exercisable immediately, expire three years from the date of issuance and will have an exercise price of US$5.52 per ADS. The ADSs and warrants are immediately separable and will be issued separately. Gross proceeds from the offeringare US$10.5 million.

Lucosky Brookman acted as U.S. corporate and securities counsel to the Company, while Maxim Group LLC acted as a sole book-running manager for the offering.  Partner Lawrence Metelitsa exclaimed “Great job to CEO, Vlado Bosanac, the rest of the management team and the attorneys at Lucosky Brookman who led this international, dually listed transaction to completion.  Moreover, it is always a pleasure working with the team from Maxim Group LLC acting as sole book-running manager for the Offering.  Tremendous accomplishment for all parties involved.”

The ADSs began trading on the Nasdaq Capital Market on November 19, 2021, under the symbol "AHI". The offering was closed on November 23, 2021.