PicoCELA Incorporated Declares Completion of Public Shares Offering
Tokyo-based PicoCELA Inc., a provider of enterprise wireless mesh solutions, announced on May 27, 2025, the completion of a public offering of 6,100,000 American Depositary Shares (ADS) at $0.30 per ADS. The offering, led by Revere Securities LLC, resulted in gross proceeds of $1,830,000, adjusting for commissions and offering expenses.
With the net proceeds, PicoCELA plans to allocate approximately 70% towards working capital and general corporate purposes and around 30% towards product development and research. This investment is expected to enhance the company's product offerings, potentially driving innovation in the areas of edge computing and IoT integration.
The company's proprietary technology, the PicoCELA Backhaul Engine, eliminates the need for extensive LAN cabling, enabling flexible and straightforward installation of Wi-Fi network devices. PicoCELA's cloud portal service, PicoManager, offers users monitoring and installation capabilities for edge-computing software on PCWL mesh Wi-Fi access points.
The registration statement relating to the offering was declared effective by the U.S. Securities and Exchange Commission (SEC) on May 22, 2025. The offering was made exclusively through a prospectus, available on the SEC's website at www.sec.gov.
This press release does not constitute an offer to sell or the solicitation of an offer to buy securities in any jurisdiction unless registered or qualified under the securities laws of such jurisdiction.
For investor and media inquiries, please contact: [email protected]
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SOURCE PicoCELA Inc.
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- PicoCELA's cloud portal service, PicoManager, facilitates monitoring and installation of edge-computing software on PCWL mesh Wi-Fi access points, which could potentially drive innovation in cloud-based technology, such as news and data services.
- As part of their product development and research, PicoCELA plans to allocate around 30% of the net proceeds from their recent public offering towards the development of cloud-based solutions, including edge computing and IoT integration, with the potential to revolutionize various sectors that rely on such technology, like news and weather services in the cloud.
