EXCHANGE LISTING CLIENT, JANOVER INC., SUCCESSFULLY COMPLETES ITS INITIAL PUBLIC OFFERING AND NASDAQ LISTING
July 26 2023 - 6:30AM
Exchange Listing, LLC is pleased to announce the pricing of the
initial public offering for its client, Janover, Inc. ("Janover" or
the "Company") (Nasdaq: JNVR) on Nasdaq Capital Markets on July 24,
2023. The Company which is a B2B fintech marketplace connecting
commercial property borrowers and lenders with a human touch, sold
1,412,500 shares of common stock at a public offering price of
$4.00 per share for aggregate gross proceeds of approximately $5.65
million, prior to deducting underwriting discounts, commissions,
and other offering expenses.
In addition, the Company has granted the
underwriters a 45-day option to purchase up to an additional
211,875 shares of common stock at the initial public offering
price, less underwriting discounts and commissions to cover
over-allotments, if any. The offering is expected to close on July
27, 2023, subject to customary closing conditions.
In connection with the offering, Janover
commenced the trading of its shares of common stock on the Nasdaq
Capital Market on July 25, 2023 under the symbol “JNVR”.
Spartan Capital Securities, LLC and R.F.
Lafferty & Co., Inc. are acting as joint book-running managers
for the offering.
The future of commercial real estate finance is being built by
Janover, a platform for the capital markets for multifamily and
commercial real estate that is tech-enabled. Their goal is to
educate people for free about capital markets for commercial real
estate. Everyone should have access to multifamily and commercial
real estate financing finance that is competitively priced and
structured. Numerous well-known podcasts as well as Forbes and
HousingWire have both covered Janover.
“Exchange Listing has dedicated countless hours and energy to
this IPO, ultimately guiding us through the IPO process with
unwavering support. Their dedication and expertise to helping us
achieve this milestone through a challenging IPO market is a
testament to the value and pride they take in each project they
work on,” said Blake Janover, CEO of Janover.
“Blake is completely rewriting real-estate industry financings
and creating access through his proprietary platform. His passion
for knowledge, industry transparency, and trust has been evident
from inception. I am immensely proud to have worked with Blake and
the Janover team for this milestone in their company journey and
look forward to what the future brings for them," said Peter
Goldstein, CEO of Exchange Listing.
Exchange Listing, LLC provides growth companies with
cost-effective and efficient direct access to one-stop solutions in
strategic planning and implementation of listing and uplisting on
senior exchanges such as the Nasdaq or NYSE. Their focus on
company-specific structuring to meet listing requirements makes
them the primary point of contact with the exchange, investment
bankers, and lawyers throughout the listing process. With extensive
experience in investment banking, securities law, corporate
governance, and business management, Exchange Listing and its
strategic partners facilitate clients' listing and capital markets
objectives.
For further information, please contact:
Peter Goldstein Email: Peter@exchangelistingllc.com Phone: (954)
998-5510
Visit the Company's Website: https://exchangelistingllc.com/
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