TechMediaBreaks – WhiteFiber, Inc. (NASDAQ: WYFI) Underwriters Fully Exercise Over-Allotment Option in IPO

Company: WhiteFiber, Inc. (WYFI)
Category: News

WhiteFiber (NASDAQ: WYFI) announced that underwriters of its completed initial public offering fully exercised their option to purchase an additional 1,406,250 ordinary shares at $17.00 per share, generating approximately $23.9 million in additional gross proceeds. The exercise increased the total number of shares sold in the IPO to 10,781,250 and aggregate gross proceeds to about $183.3 million.

The company’s shares began trading on the Nasdaq Capital Market on Aug. 7, 2025, under the ticker WYFI. B. Riley Securities and Needham & Company acted as joint book-running managers for the offering, with Macquarie Capital as book-runner, Roth Capital Partners as lead manager, and Craig-Hallum and Clear Street as co-managers.

To view the full press release, visit https://ibn.fm/pDzK3

About WhiteFiber, Inc.

WhiteFiber is a provider of artificial intelligence (“AI”) infrastructure solutions. WhiteFiber owns high-performance computing data centers and provides cloud services to customers. Our vertically integrated model combines specialized colocation, hosting, and cloud services engineered to maximize performance, efficiency, and margin for generative AI workloads.

For more information, visit www.whitefiber.com. Follow us on LinkedIn and X @WhiteFiber

About TechMediaWire

TechMediaWire (“TMW”) is a specialized communications platform with a focus on pioneering public and private companies driving the future of technology. It is one of 70+ brands within the Dynamic Brand Portfolio @ IBN that delivers: (1) access to a vast network of wire solutions via InvestorWire to efficiently and effectively reach a myriad of target markets, demographics and diverse industries; (2) article and editorial syndication to 5,000+ outlets; (3) enhanced press release enhancement to ensure maximum impact; (4) social media distribution via IBN to millions of social media followers; and (5) a full array of tailored corporate communications solutions. With broad reach and a seasoned team of contributing journalists and writers, TMW is uniquely positioned to best serve private and public companies that want to reach a wide audience of investors, influencers, consumers, journalists, and the general public. By cutting through the overload of information in today’s market, TMW brings its clients unparalleled recognition and brand awareness. TMW is where breaking news, insightful content and actionable information converge.

To receive SMS alerts from TechMediaWire, text “TECH” to 888-902-4192 (U.S. Mobile Phones Only)

For more information, please visit https://www.TechMediaWire.com

Please see full terms of use and disclaimers on the TechMediaWire website applicable to all content provided by TMW, wherever published or re-published: https://www.TechMediaWire.com/Disclaimer

TechMediaWire
Austin, Texas
www.TechMediaWire.com
512.354.7000 Office
Editor@TechMediaWire.com

TechMediaWire is powered by IBN

Contact us: (512) 354-7000