By Kathryn Hardison
Greifenberg Digital Ltd. has filed for a $15 million initial public offering.
The company plans to offer up to 3 million shares at an assumed offering price of $5 per share, it said in a Friday filing with the Securities and Exchange Commission.
The financial technology company intends to use automation, big data and artificial intelligence to deliver credit risk analysis for fixed-income markets, it said in the filing.
The company expects to use the proceeds to develop and invest in technology for its website and mobile app, to pursue growth strategies, and to develop financial modeling for other emerging markets, among other uses.
Greifenberg has applied to have its shares listed on the Nasdaq Capital Market under the ticker GDLT.
For the six months ended Sept. 30, the company recorded subscription revenue of $60,000. It recorded a loss of $472,301 during the period.
Greifenberg had no sales during the six months ended Sept. 30, 2021, and its loss was $150,648.
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