Xspand Products Lab Shares to Begin Trading Today, May 3rd, 2018
DOYLESTOWN, Pa., May 03, 2018 (GLOBE NEWSWIRE) -- Xspand Products Lab, Inc. (“Xspand”), a full-service product development company, today announced that the company’s shares are scheduled to begin trading on The Nasdaq Capital Market today, May 3, 2018 under the ticker symbol “XSPL”.
Xspand closed its initial public offering on April 30, 2018, selling an aggregate of 1,307,120 shares of its common stock at a public offering price of US$5.00 per share. Proceeds from the initial public offering will be used for partial consideration for potential acquisitions and general working capital.
About Xspand Products Lab, Inc.
Xspand Products Lab, Inc. is a vertically integrated and full-service product development and manufacturing company, including design, sales, fulfillment and shipping. Xspand's model is to provide a risk mitigated platform that connects innovators with companies to bring new products to market. For more information, please visit www.xspandproductslab.com.
Certain statements in this press release constitute "forward-looking statements" within the meaning of the federal securities laws. Words such as "may," "might," "will," "should," "believe," "expect," "anticipate," "estimate," "continue," "predict," "forecast," "project," "plan," "intend" or similar expressions, or statements regarding intent, belief, or current expectations, are forward-looking statements. While Xspand believes these forward-looking statements are reasonable, undue reliance should not be placed on any such forward-looking statements, which are based on information available to us on the date of this release. These forward looking statements are based upon current estimates and assumptions and are subject to various risks and uncertainties, including without limitation those set forth in Xspand's filings with the Securities and Exchange Commission (the "SEC"), not limited to Risk Factors relating to its business contained therein. Thus, actual results could be materially different. Xspand expressly disclaims any obligation to update or alter statements whether as a result of new information, future events or otherwise, except as required by law.
Released May 3, 2018