NYIAX ( NYX ), which developed an adtech platform with Nasdaq technology, has narrowed its price range for a proposed $8 million initial public offering.
NYIAX said it is now looking to raise $8 million offering 1.64 million shares priced between $4.50 and $5.50. The underwriters would be given a 30-day option to buy up to $1.23 million in additional shares.
NYIAX hopes to list its shares on the Nasdaq under the ticker symbol NYX. Boustead and WestPark are serving as lead bookrunners.
Headquartered in New York, NYIAX has developed a blockchain-based marketplace with Nasdaq where ad inventory, campaigns and audiences can be listed, bought and sold. The platform technology is jointly patented by NYIAX and Nasdaq (NDAQ).
NYIAX first filed for an IPO in June 2022, seeking $20 million.