• Alfi(NASDAQ:ALF)haspricedits public offering of 3,731,344 common shares and warrants to purchase same number of shares ofcommon stock at $4.15/share and warrant for aggregate gross proceeds of ~$15.5M.
• Underwriters' over-allotment is an additional 559,701 shares and equal warrants.
• The Company has received approval to list its common stock and warrants on Nasdaq, with trading expected to begin on May 4.
• Each five-year warrant is exercisable for one common share at an exercise price of $4.57/share.
• Closing  date is May 6.
• Alfi is an AI enterprise SaaS platform company, powering computer vision with machine learning models to allow content publishers and brand owners to deliver interactive, intelligent information without violating user privacy. The firm provides digital out of home advertisement monitoring and verification solutions.
• Seeking Alpha contributor Donovan Jones did a deep dive into ALF and stated that since the company "has no revenue track record, sothe IPO is ultra-high-risk; I'll watch it from the sidelines."