AeroClean Technologies announces the price of its initial public offering



Beginning of trading scheduled for Wednesday, November 24 on the Nasdaq Capital Market; Proceeds from IPO to fund the production of the company’s air purification devices and product development efforts

Featured Image for AeroClean Technologies

Featured Image for AeroClean Technologies

Featured Image for AeroClean Technologies

NEW YORK, November 23, 2021 (GLOBE NEWSWIRE) – AeroClean Technologies, Inc. (Nasdaq: AERC) today announced the price of its IPO.

The company’s common stock is expected to begin trading on Wednesday, November 24, 2021 on the Nasdaq Capital Market under the ticker symbol “AERC”.

The company is offering 2,500,000 common shares at a public offering price of $ 10 per share.

The Benchmark Company, LLC, HCFP / Capital Markets LLC and Valuable Capital Limited are acting as co-book managers for the offering.

Freshfields Bruckhaus Deringer US LLP is acting as counsel to the company. Mintz, Levin, Cohn, Ferris, Glovsky and Popeo, PC acts as an advisor to the underwriters.

An offer statement relating to the common shares has been filed with the United States Securities and Exchange Commission and has been qualified on November 23, 2021. The offer is being made only by way of an offer circular, including copies can be obtained, when available. , by contacting: The Benchmark Company, LLC, Attention: Prospectus Department, 150 E. 58th Street, 17th Floor, New York, NY 10155, by calling (212) 312-6700 or by e-mail at [email protected]. The offering circular is also available on the United States Securities and Exchange Commission website at www.sec.gov.

AeroClean Technologies plans to use the proceeds of the offering to support the development of its organization, finance the production of its air purification devices, establish its consumables and services business and support its product development efforts for its high priority initiatives.

This press release does not constitute an offer to sell or the solicitation of an offer to buy, and there will be no sale of such securities in any state or jurisdiction in which such an offer, solicitation or sale would be illegal. prior to the registration or qualification of such securities under the securities laws of such state or territory.

About AeroClean Technologies

AeroClean is a pathogen removal technology company whose mission is to sustain work, leisure and life continuously, with continuous air disinfection products called PÅ«rgo â„¢ (pure-go). We create solutions for hospitals, offices and many shared spaces as well as elevators, airplanes and more. PÅ«rgo â„¢ products incorporate SteriDuct â„¢, a proprietary technology developed by our top aerospace engineers, medical scientists and innovators. Powered by SteriDuct â„¢, our solutions are medical grade, eradicating airborne viral, fungal and bacterial pathogens. Our goal is simple: to never stop innovating to keep people healthy and safe, so that life never stops.

Forward-looking statements

This press release may include forward-looking statements that involve risks and uncertainties. Forward-looking statements are statements that are not historical facts. These forward-looking statements are subject to risks (including those set forth in the company’s offering circular filed with the United States Securities and Exchange Commission) and uncertainties that could cause actual results to differ from those of forward-looking statements. The company expressly disclaims any obligation or commitment to publicly release any update or revision to any forward-looking statement contained herein to reflect any change in the company’s expectations in this regard or any change in events, conditions or circumstances on which a statement is based on. Investors should understand that if our assumptions underlying the projections contained in this document prove to be incorrect or known or unknown risks or uncertainties materialize, actual results could differ materially from our expectations and projections.

Contact:

Ryan tyler
Chief Financial Officer, AeroClean
[email protected]

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