Reticulate Micro Files for IPO, Offering 2 Million Shares At $5 To $7/Share

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Reticulate Micro Files for IPO, Offering 2 Million Shares At $5 To $7/Share

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

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