Lucosky Brookman Successfully Represents Adamas One Corp. in $12 Million Initial Public Offering and Nasdaq Uplisting
Lucosky Brookman LLP congratulates its client, Adamas One Corp. (NASDAQ: JEWL) (the “Company”), The Original Lab-Grown Diamond Company ™, a high-tech company that leverages proprietary technology to produce high-quality, single-crystal, Lab-Grown Diamonds for jewelry and diamond materials for industrial uses, in the pricing of its underwritten initial public offering of 2,450,000 shares of common stock at an initial public offering price of $4.50 per share for gross proceeds of $12,000,000, before underwriting discounts and commissions and estimated offering expenses. In addition, the Company has granted the underwriters a 45-day option to purchase up to 367,000 additional shares of common stock at the offering price, less the underwriting discount.
The shares began trading on The Nasdaq Capital Market on December 9, 2022, under the ticker symbol "JEWL." The offering closed on December 13, 2022.
Lucosky Brookman acted a co-counsel to the Company. Alexander Capital LP acted as sole book-running manager for the offering