YayYo Prices 2.6M Share IPO @$4/Share

YayYo, Inc.

Benzinga · 11/13/2019 08:56

YayYo, Inc. ("YayYo") (NASDAQ: YAYO), a leading provider of vehicles to the rideshare industry, through its wholly-owned subsidiary, Rideshare Car Rentals, LLC, bridging the gap between rideshare drivers needing a quality vehicle and rideshare companies that depend on attracting and keeping drivers with quality vehicles, today announced the pricing of its initial public offering of 2,625,000 shares of its common stock at a public offering price of $4.00 per share for gross proceeds of $10.5 million, before deducting offering expenses. In addition, YayYo has granted the underwriters a 45-day option to purchase up to 393,750 additional shares of common stock at the public offering price, less offering expenses, to cover over-allotments, if any. The shares are expected to begin trading on the Nasdaq Capital Market on Wednesday, November 13, 2019, under the symbol "YAYO."

Aegis Capital Corp. and WestPark Capital, Inc. are acting as joint book running managers.