Reticulate Micro is filing for an initial public offering, according to a Securities and Exchange Commission filing.
The defense technology company said in the filing on Monday it is offering 2 million shares of common stock at an estimated price of $5 to $7 a share.
The company plans to list its shares on the New York Stock Exchange under the symbol RMIC.
In 2022, the company didn’t post revenue, but a loss of $337,111.
Reticulate Micro said it expects to use most proceeds from the IPO toward working capital and research and development purposes.
By Sabela Ojea