Hour Loop closes $6.9M IPO; 1.725M shares sold at $4.00, trading on Nasdaq as HOUR

Hour Loop, Inc

IPO priced at $4.00/share; total 1,725,000 shares sold including full over-allotment.
Gross proceeds $6.9M; net proceeds ~$5.552M after underwriting discounts and expenses.
Stock began trading on Nasdaq on Jan 7, 2022 under ticker HOUR.
Underwriter EF Hutton received a warrant to purchase 75,000 shares at $5.00/share.
Company plans rapid expansion by increasing managers, vendors, and SKUs.

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