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MissionIRNewsBreaks – Infobird Co. Ltd. (NASDAQ: IFBD) Announces Exercise, Closing of Underwriters’ Over-Allotment Option in IPO

Infobird (NASDAQ: IFBD), a software-as-a-service (“SaaS”) provider of AI-powered customer engagement solutions in China, today announced the partial exercise and closing of the underwriters’ over-allotment option in connection with its previously announced underwritten initial public offering. According to the update, Infobird secured gross proceeds of $500,000, before underwriting discounts and commissions and offering expenses, through the issuance and sale of an additional 125,000 ordinary shares, each at a public offering price of $4.00. After giving effect to the partial exercise of the underwriters’ over-allotment option, the total number of ordinary shares sold by Infobird in the initial public offering was 6,375,000 and gross proceeds were $25,500,000. The offering was conducted on a firm commitment basis with all ordinary shares offered by Infobird. WestPark Capital Inc. acted as the book-running manager for the offering.

To view the full press release, visit

About Infobird Co. Ltd.

Infobird, headquartered in Beijing, China, is a software-as-a-service provider of innovative AI-powered or enabled customer engagement solutions. For more information about the company, visit

NOTE TO INVESTORS: The latest news and updates relating to IFBD are available in the company’s newsroom at

About MissionIRNewsBreaks

MissionIRNewsBreaks provide a rapid summary of corporate news that catch the attention of MissionIR. MissionIRNewsBreaks are created by our Team of professional journalists that keep a constant eye on the markets, these posts are designed to inform you on the latest happenings of our clients and other publicly traded companies on our radar. From earnings, acquisitions and agreements to conference attendance and clinical study results, our news breaks keep you up-to-date with the day’s top movers. MissionIR is primarily focused on strategic communications. We have executed countless communications programs to address the needs of companies ranging from start-ups to established industry leaders, gaining valuable experience and the expertise necessary to determine the most effective strategy for any given situation.

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