IMMRSIV (IMSV) has provided additional details for its upcoming IPO:
This is the initial public offering of Class A Ordinary Shares, by IMMRSIV Inc. We are offering 1,500,000 Class A Ordinary Shares, par value US$0.0001 per share, and the registration of an additional 2,643,423 Class A Ordinary Shares held by Selling Shareholders.
Prior to this offering, there has been no public market for our Class A Ordinary Shares. We anticipate the initial public offering price of our Class A Ordinary Shares will be between US$4.00 and US$5.00. We have applied to list our Class A Ordinary Shares on the Cboe BZX Exchange under the symbol “IMSV.” Of the total securities being offered under this prospectus, we are offering 1,500,000 shares; and the selling shareholders named in the section entitled “Selling Shareholders” in this prospectus (the “Selling Shareholders”) are offering 2,643,423 shares. No shares offered by the Selling Shareholders will be sold until after our Class A Ordinary Shares have begun trading on the Cboe BZX Exchange. The underwriter is not underwriting the shares of the Selling Shareholders. Any sales will occur from time to time at prevailing market prices or in privately negotiated prices. The distribution of securities offered hereby may be effected in one or more transactions that may take place in ordinary brokers’ transactions, privately negotiated transactions or through sales to one or more dealers for resale of such securities as principals. Usual and customary or specifically negotiated brokerage fees or commissions may be paid by the selling shareholders. Neither we nor the underwriter will receive any proceeds from the sales of any of the Class A ordinary shares being offered by the selling shareholders.
