CleanCore Solutions, a leading maker of cleaning products based in Omaha, Nebraska, has recently filed for an initial public offering (IPO) with the Securities and Exchange Commission. The company plans to offer 1.5 million shares of Class B common stock in the IPO, with an anticipated price range of $4 to $6 per share.
Seeking Funds for Growth
With an assumed price of $5 per share, CleanCore expects to generate approximately $6.1 million in net proceeds from the IPO. These funds will be utilized to pay down debt, invest in research and development initiatives, and support general corporate purposes.
Enhanced Aqueous Ozone Solution
CleanCore specializes in the production of enhanced aqueous ozone solution, a unique cleaning product infused with ozone gas. This innovative solution offers efficient and effective cleaning capabilities.
In the fiscal year ending June 30, CleanCore reported $2.65 million in revenue; however, the company experienced a loss of $541,611 during the same period.
Leadership and Shareholders
Matthew Atkinson, the Chief Executive and Chairman of CleanCore, maintains full control of the outstanding Class A common stock, which carries 10 votes per share. Notable stakeholders of the Class B common stock include Lisa Roskens of Burlington Capital and Clayton Adams, who is one of the company's founders.
CleanCore intends to apply for listing on the New York Stock Exchange American under an as-yet-undisclosed ticker symbol.
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