GreenBox Raises $43.6M At Premium, Preps For Nasdaq Listing Amidst Bitcoin Boom

Financial technology company GreenBox POS (OTC: GRBX) priced 4.15 million shares at $10.50 per share to raise $43.575 million in a priced offering.
The offer price signified a premium of 377% to GreenBox's closing price yesterday.
The underwriters have a 45-day option to procure additional shares up to 0.622 million shares and are estimated to close on February 19, 2021.
GreenBox leverages proprietary blockchain security to build customized payment solutions. With Bitcoin surpassing the $50,000 level, the company could raise capital at a premium.
The company is estimated to up list under the symbol "GBOX" on Nasdaq and begin trading from today.
Kingswood Capital Markets, a division of Benchmark Investments is the book-running manager for the offering.
Price action: GRBX shares closed down 5.58% at $2.2 on Tuesday.