Marijuana Vape-Tech Company Doing Business With Celebs Announces $12.3M Public Share Offering
spire Technology Inc., a maker of e-cigarettes and cannabis vaping products, announced on Friday the pricing of a public offering of 2.05 million shares of common stock for $6 per share for gross proceeds of $12.3 million. The Los Angeles-based company said in a press release the closing of the offering is expected to take place on or about Tuesday, March 26. Ispire said it plans to use the net proceeds of the offering in connection with the establishment and operation of its manufacturing facility in Malaysia, the funding of its joint venture with Touch Point Worldwide Inc., which is doing business as Berify and Chemular Inc., and for working capital and general corporate purposes, including research and development.
