Elate Group (ELGP) has filed for 1,250,000 unit IPO at $4.25 per unit. We are offering 1,250,000 units, each Common Unit consisting of one share of our Class A common stock and two Series A Warrants, each to purchase one share of Class A common stock.
Each Series A Warrant is exercisable at an exercise price of $4.00 per share. Each Series A Warrant will be immediately exercisable from the date of issuance and will expire five years after the date of issuance.