- MyFiziq (MYQ) has engaged Ladenburg Thalmann & Co. as the lead underwriter for its proposed Nasdaq IPO
- Ladenburg is a U.S.-based investment bank which provides financing and advisory services to publicly listed companies in the U.S.
- On June 1, MyFiziq received a US$1.5 million (around A$2.08 million) funding agreement to list on the Nasdaq
- The payment was completed in four phases with the company paying US$1.27 million (around A$1.76 million) so far
- The final phase will consist of US$375,000 (around A$522,385) and will be paid within 14 days
- MyFiziq is up 3.15 per cent and shares are trading for $1.32 each
MyFiziq (MYQ) has engaged Ladenburg Thalmann & Co. as the lead underwriter for its proposed Nasdaq IPO.
Ladenburg is a U.S.-based investment bank which provides financing and advisory services to publicly listed companies in the U.S.
The bank has been a member of the New York Stock Exchange for more than 135 years and has several subsidiaries such as KMS Financial Services Inc., Securities America Inc., and Triad Advisors LLC.
On June 1, MyFiziq received a US$1.5 million (around A$2.08 million) funding agreement from Asia Cornerstone Asset Management (ACAM) to list on the Nasdaq.
The sum was paid in four phases, subject to certain milestones being reached.
The company then received the second phase payment consisting of US$450,000 payment (around A$626,863) on June 30.
This followed the commencement of the Public Company Accounting Oversight Board audit.
MyFiziq received the third payment on July 9, totalling US$450,000 (around A$626,863), following the filing of a registration statement with the U.S. Securities and Exchange Commission.
The final phase will consist of US$375,000 (around A$522,385) and will be paid within 14 days.
“I am very pleased to be working with the Technology Group at Ladenburg on the proposed underwriting of the MyFiziq NASDAQ initiative that we have underway,” CEO Vlado Bosanac said.
MyFiziq is up 3.15 per cent and shares are trading for $1.32 each at 1:47 pm AEDT.