Taft is pleased to have acted as underwriter's counsel to Bancroft Capital, LLC in connection with Magnitude International Ltd's (Nasdaq: MAGH) initial public offering and NASDAQ listing.
Bancroft Capital, which specializes in institutional brokerage and capital markets services, acted as the sole underwriter for the offering. The offering included 2.2 million ordinary shares at a public offering price of $4.00 USD per ordinary share for total gross proceeds of $8.8 million, before deducting underwriting discounts and offering expenses. Magnitude is a Singapore-based electrical installation service provider to both the private and public sectors. Read the release here.
Taft's legal team included Alan Gilbert, Mitchell Goldsmith, and David Washbush.