Vocodia Holdings prices $5.95 million initial public offering, the first IPO on the BZX Exchange of CBOE Global Markets

Emerging Technology Insider
Mar 1, 2024
3 min read

Vocodia is a conversational AI software company that develops and provides scalable enterprise-level AI sales and customer service solutions
The Company builds practical AI functions that are easily obtainable to businesses on cloud-based platforms at a lower cost than traditional services, and scalable to multi-agent vast enterprise platforms
Shares, Series A Warrants and Series B Warrants Trading under Ticker Symbols VHAI," "VHAI+A" and "VHAI+B, respectively

Vocodia Holdings Corp. (CBOE:VHAI) ("Vocodia" or the "Company"), an AI software company that builds practical AI functions, today announced the pricing of its underwritten initial public offering of 1,400,000 Units (collectively the "Units" or "Unit"), each consisting of one share of Common Stock of the Company, par value $0.0001 ("Common Stock"), one Series A Warrant to purchase one share of Common Stock at $4.25 (the "Series A Warrant"), and one Series B Warrant to purchase one share of Common Stock at $8.50 (the "Series B Warrant"), at a price to the public of $4.25 per Unit (the "Public Offering Price").

The gross proceeds from the offering, before underwriting discounts and commissions and estimated offering expenses payable by the Company, are expected to be approximately $5,950,000. In addition, the Company has granted the underwriters a 45-day option to purchase up to 210,000 additional Units at the Public Offering Price, less the underwriting discount.

The offering is expected to occur on February 26, 2024, subject to customary closing conditions, and the Common Stock, the Series A Warrants and the Series B Warrants are expected to begin trading on the BZX Exchange, a division of Cboe Global Markets, on February 22, 2024, under the ticker symbols "VHAI," "VHAI+A" and "VHAI+B", respectively.

The Company intends to use the net proceeds of the public offering for the acquisition of websites, technologies, or other assets, building an improved switch, and for expanding its product offering from other digital channels, sales and marketing, working capital and other general corporate purposes.

Advisor Details

Alexander Capital, L.P. acted as sole book-running manager for the offering. Sichenzia Ross Ference Carmel LLP served as counsel to the Company. Sullivan & Worcester LLP served as counsel to the underwriters.

The securities described above are being offered by Vocodia pursuant to a registration statement on Form S-1, as amended (File No. 333-269489) that was declared effective by the U.S. Securities and Exchange Commission (the "SEC") on February 14, 2024. The offering is being made only by means of a prospectus forming a part of the effective registration statement. A copy of the final prospectus related to the offering, when available, may be obtained from Alexander Capital, L.P., 10 Drs James Parker Boulevard #202, Red Bank, NJ 07701, Attention: Equity Capital Markets, or by calling (212) 687-5650 or emailing info@alexandercapitallp.com or by logging on to the SEC's website at www.sec.gov.

About Vocodia

Vocodia is an AI software company that build practical AI functions and makes them easily obtainable for businesses on cloud-based platform solutions at low costs and scalable to multiagent vast enterprise solutions. Vocodia is a conversational AI software developer and provider that offers scalable enterprise-level AI sales and customer service solutions which allow for AI sales representatives to reduce human labor costs and responsibilities while increasing the reach and efficacy of human-led, purposeful, agenda driven and conversational communications. Vocodia deliver its patent pending conversational AI software in the form of Digital Intelligent Sales Agents (the "DISAs"), which are built with AI software programmed to sound and feel human and to perform business tasks that require humans to converse with one another effectively, and thus to provide the best representation for each of its customers' businesses.

For more information, please visit: www.vocodia.com

Source: Vocodia

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