PicoCELA Inc. Announces Closing of Initial Public Offering

Winston & Strawn LLP represented Benjamin Securities and Prime Number Capital LLC, as underwriters' counsel, in connection with PicoCELA Inc., a Tokyo-based provider of enterprise wireless mesh solutions, in its recently closed initial public offering of 1,750,000 units at a price of $4.00 per unit, for aggregate gross proceeds of $7,000,000, which closed on January 17, 2025. Additionally, PicoCELA has granted the underwriters a 45-day option to purchase up to 262,500 additional ADSs, representing 15% of the ADSs sold in the offering, solely to cover overallotments, if any, at the initial offering price.