Reported Earlier, Pinnacle Food Group Prices $7.2M Initial Public Offering Of 1.8M Class A Ordinary Shares At $4/Share

The Company expects to receive aggregate gross proceeds of US$7.2 million from this offering, before deducting underwriting discounts and other related expenses. The Company intends to use the net proceeds from this offering for expanding the functionality and capabilities of its hydroponic growing systems, development and expansion of its  business, and for working capital and other general corporate purposes.