(MENAFN- Investor Brand Network) WhiteFiber (NASDAQ: WYFI) announced that underwriters of its completed initial public offering fully exercised their option to purchase an additional 1,406,250 ordinary shares at $17.00 per share, generating approximately $23.9 million in additional gross proceeds. The exercise increased the total number of shares sold in the IPO to 10,781,250 and aggregate gross proceeds to about $183.3 million.

The company's shares began trading on the Nasdaq Capital Market on Aug. 7, 2025, under the ticker WYFI. B. Riley Securities and Needham & Company acted as joint book-running managers for the offering, with Macquarie Capital as book-runner, Roth Capital Partners as lead manager, and Craig-Hallum and Clear Street as co-managers.

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About WhiteFiber, Inc.

WhiteFiber is a provider of artificial intelligence (“AI”) infrastructure solutions. WhiteFiber owns high-performance computing data centers and provides cloud services to customers. Our vertically integrated model combines specialized colocation, hosting, and cloud services engineered to maximize performance, efficiency, and margin for generative AI workloads.

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