ismagilov
Colombia’s Tower One Wireless (TO) (OTCQB:TOWTF) has filed to raise around $14M through a US initial public offering.
While Tower One didn’t state in its filing the number and pricing of the shares to be offered, it indicated in the attached filing fee schedule that it was looking to offer $14.3M in shares. Maxim Group is serving as lead bookrunner.
Tower One is also looking to uplist its shares to Nasdaq under the symbol TO. Its shares are currently traded OTC and on the Canadian and Frankfurt exchanges. The company plans to conduct a reverse stock split ahead of the IPO.
The Colombian company is a developer, owner and operator of wireless telecommunications towers. Its primary business is leasing space on communications sites for mobile network providers, primarily in Latin America.
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