Micropolis Holding Company, a leading robotics manufacturer, announced the successful closing of its underwritten initial public offering (IPO) of 3,875,000 Ordinary Shares at a public offering price of $4.00 per share. The Offering generated total gross proceeds of $15.5 million for the Company, before underwriting discounts and other offering expenses. The Ordinary Shares began trading on the NYSE American under the ticker symbol “MCRP” on March 7, 2025.
Micropolis intends to use the proceeds from the Offering for various strategic initiatives, including talent acquisition, marketing and public relations, acquisition of machinery and advanced equipment, research and development specific expenses, contracts and outsourcing, repayment of certain related party loans, as well as working capital and other general corporate purposes.
The Offering was conducted on a firm commitment basis, with Network1 Financial Securities, Inc. acting as the sole book-running manager. Loeb & Loeb LLP served as U.S. securities counsel to the Company, while Hunter Taubman Fischer & Li LLC acted as U.S. securities counsel to Network1 Financial Securities, Inc., in connection with the Offering.
Micropolis specializes in developing autonomous mobile robots that utilize wheeled electric vehicle platforms and are equipped with autonomous driving capabilities. The Company aims to revolutionize the robotics industry by providing innovative solutions for various applications.
