Concorde International prices 1.25M shares at $4.00 in initial public offering

Concorde International (CIGL) Group announced the pricing of its initial public offering of 1,250,000 Class A ordinary shares at a public offering price of $4.00 per share. The Class A Ordinary Shares have been approved for listing on the Nasdaq Capital Market and are expected to commence trading on April 22, 2025, under the ticker symbol “CIGL.” The Company expects to receive aggregate gross proceeds of $5M the Offering, before deducting underwriting discounts and other related expenses. In addition, the Company has granted the underwriters a 45- day option to purchase up to an additional 187,500 Class A Ordinary Shares at the public offering price, less underwriting discounts. The Offering is expected to close on or about April 23, subject to the satisfaction of customary closing conditions. The Company intends to use the net proceeds from this Offering for or purchase and rollout of electric vehicular mobile command centers, research and development activities, regional market development and exploration of new markets, product development, working capital and general corporate purposes. The Offering was conducted on a firm commitment basis. R.F. Lafferty & Co. acted as sole book-running manager for the Offering.