ARB IOT Group Ltd

Earnings data Q1 2024

ARB IOT Group Ltd. is a holding company that engages in the provision of solutions for the integration of IoT systems and devices. It operates through the Internet of Things and Investment Holding and Others segments. The company was founded on March 1, 2022 and is headquartered in Kuala Lumpur, Malaysia.

ARB IOT (NASDAQ: ARBB ) stock is rocketing higher on Tuesday alongside heavy trading and an update on a shareholder of the Malaysia-based Internet of Things (IoT) company. A filing with the Securities and Exchange Commission (SEC) shows that ARB BERHAD holds a 28.38% stake in ARB IOT.

Why Is ARB IOT (ARBB) Stock Up 230% Today?

Kuala Lumpur, Malaysia, April 25, 2023 (GLOBE NEWSWIRE) -- ARB IOT Group Limited ("ARB" or the "Company") (NASDAQ: ARBB), a provider of complete solutions to clients for the integration of Internet of Things (“IoT”) systems and devices from designing to project deployment, announced today that it has completed the sale of an additional 187,500 ordinary shares at the public offering price of $4.00 per share, pursuant to the exercise by the underwriter of the over-allotment option, in full, granted to it in connection with the Company's initial public offering. The Company expects to receive additional gross proceeds of approximately $750,000, before underwriting discounts and commissions.

ARB IOT Group Limited Announces Exercise and Closing of Over-Allotment Option in Initial Public Offering

Kuala Lumpur, Malaysia, April 10, 2023 (GLOBE NEWSWIRE) -- ARB IOT Group Limited ("ARB" or the "Company") (NASDAQ: ARBB), a provider of complete solutions to clients for the integration of Internet of Things (“IoT”) systems and devices from designing to project deployment, today announced the closing of its previously announced initial public offering of 1,250,000 ordinary shares. Each ordinary share was sold at an offering price of $4.00 per ordinary share, for gross proceeds of approximately $5.0 million, before deducting underwriting discounts and offering expenses. The Company has granted the underwriters a 45-day option to purchase up to an additional 187,500 ordinary shares to cover over-allotments at the initial public offering price, less underwriting discounts and commissions.

ARB IOT Group Limited Announces Closing of $5.0 Million Initial Public Offering

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Kuala Lumpur, Malaysia, April 04, 2023 (GLOBE NEWSWIRE) -- ARB IOT Group Limited ("ARB" or the "Company") (NASDAQ: ARBB), a provider of complete solutions to clients for the integration of Internet of Things (“IoT”) systems and devices from designing to project deployment, today announced the pricing of its initial public offering of 1,250,000 ordinary shares. Each ordinary share is being sold at an offering price of $4.00, for gross proceeds of approximately $5.0 million, before deducting underwriting discounts and offering expenses. In addition, ARB has granted the underwriters a 45-day option to purchase up to an additional 187,500 ordinary shares to cover over-allotments at the initial public offering price, less the underwriting discount. All of the ordinary shares are being offered by the Company.

ARB IOT Group Limited Announces Pricing of $5.0 Million Initial Public Offering

ARB IOT Group Limited has filed proposed terms for a $6 million micro-IPO. The firm designs and sells Internet of Things products and software in a variety of industries in ASEAN countries.

News for ARB IOT Group Ltd Stock (ARBB)