PicoCELA Inc. announces the closing of the initial public offering by Investing.com

TOKYO, January 20, 2025 /PRNewswire/ — PicoCELA Inc. (“PicoCELA” or the “Company”) (Nasdaq: PCLA), a Tokyoprovider of enterprise wireless mesh solutions, today announced the closing of its previously announced initial public offering (the “Offering”) of 1,750,000 American Depositary Shares (“ADS”) at a public offering price of $4.00 per ADS for the total 7,000,000 dollars gross revenue of the Company, before deduction of discount for insurance, compensation for non-calculable expenses and offering expenses. Each ADS represents one ordinary share of the Company. The Company has granted a 45-day option to the underwriters to purchase up to 262,500 additional ADSs, representing 15% of the ADSs sold in this Offering, solely to cover over-allotments, if any, of the initial offering, less any underwriting discounts. and compensation for unrecoverable costs. The ADSs began trading on the Nasdaq Capital Market on January 16, 2025 (US EST), under the symbol “PCLA”.

Benjamin Securities, Inc. acted as the main book-keeping representative and Prime Number Capital LLC acted as a co-sponsor in connection with this Offer. Hunter Taubman Fischer & Li LLC acted as OUR advisor to the Company, i Winston & Strawn LLP acted as OUR advising patrons regarding the Offer. Spirit Advisors LLC worked as a financial advisor and consultant for the Company’s initial public offering.

The registration statement on Form F-1, as amended (File No. 333-282931), relating to the Offer, has been submitted US Securities and Exchange Commission (“SEC“) and was declared effective by SEC on December 20, 2024. The offer is made only by means of a prospectus, which forms part of a valid registration statement. A copy of the final prospectus relating to the Offer may be obtained via The SECs website at www.sec.gov.

This press release will not constitute an offer to sell or the solicitation of an offer to buy nor will there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be illegal prior to registration or qualification under the securities laws of any such state or jurisdiction.

About PicoCELA Inc.

PicoCELA is a Tokyoprovider of business wireless mesh solutions, specializing in the manufacture, installation and service of mesh Wi-Fi access points. PicoCELA Backhaul Engine, the company’s patented software for wireless mesh communication technology, eliminates the need for extensive LAN cables and enables flexible and easy installation of Wi-Fi network devices. PicoCELA also offers a cloud portal service, PicoManager, which allows users to monitor connectivity and communication traffic, as well as install edge computing software on the Company’s PCWL mesh Wi-Fi access points.

Forward-looking statements

Statements in this press release about future expectations, plans and prospects, as well as any other statements regarding matters that are not historical facts, may constitute “forward-looking statements” within the meaning of the Private Equity Litigation Reform Act. papers from 1995 the words “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “plan,” “potential,” “anticipate”, “project”, “should”, “target”, “will”, “would” and similar expressions are intended to identify the future of the statement, although not all forward-looking statements contain this identifying word. Actual results may differ materially from those indicated in such forward-looking statements as a result of various important factors, including: uncertainties related to market conditions and other factors discussed in the “Risk Factors” section of the prospectus filed with SEC. All forward-looking statements contained in this press release speak only as of the date hereof, and the Company expressly disclaims any obligation to update any forward-looking statement, whether as a result of new information, future events or otherwise way.

For investor and media inquiries, please contact:

global@picocela.com

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