Posted at 9:39 a.m., Friday, July 20, 2007
U.S. Dry Cleaning completes initial public stock offering
Advertiser Staff
U.S. Dry Cleaning Corp., the Palm Springs, Calif.-based owner of Hawai'i's Young Laundry chain, has completed its about $6 million initial public offering and will use the funds to expand in the U.S.The company said it sold 2.4 million units that consisted of one share of common stock and a warrant to purchase another share. US EURO Securities Inc., a Florida-based investment bank, was the managing underwriter for the offering.
U.S. Dry Cleaning said it is awaiting the assignment of a "ticker" trading symbol and will trade on the over-the-counter bulletin board.
