IPO - CALLAN JMB INC.
Form Type: SCHEDULE 13G
Filing Date: 2025-02-10
Corporate Action: Ipo
Type: New
Accession Number: 000175392625000195
Filing Summary: Callan JMB Inc. filed a Schedule 13G regarding its ownership of Common Stock following its initial public offering (IPO) of 4,280,000 shares. Ionic Ventures, LLC, beneficially owns 233,725 shares, which represents 5.5% of the total shares outstanding. The reporting persons, including Ionic Ventures, Ionic Management, Brendan O'Neil, and Keith Coulston, have agreed to jointly file this schedule. The document details the beneficial ownership and voting power amongst these individuals and entities, noting that Mr. O'Neil and Mr. Coulston do not directly own shares but may be deemed to beneficially own the shares owned by Ionic and Ionic Management due to their managerial roles.
Additional details:
Reporting Person: Ionic Ventures LLC
Shares Owned: 233725
Ownership Percentage: 5.5
Reporting Person: Ionic Management LLC
Shares Owned: 233725
Ownership Percentage: 5.5
Reporting Person: Brendan O'Neil
Shares Owned: 233725
Ownership Percentage: 5.5
Reporting Person: Keith Coulston
Shares Owned: 233725
Ownership Percentage: 5.5
Form Type: 8-K
Filing Date: 2025-02-07
Corporate Action: Ipo
Type: New
Accession Number: 000149315225005461
Filing Summary: On February 4, 2025, Callan JMB Inc. entered into an Underwriting Agreement with Alexander Capital L.P. for its initial public offering (IPO) of 1,280,000 shares of common stock at an offering price of $4.00 per share. The underwriters received a 45-day option to purchase an additional 192,000 shares. The offering was conducted under the Registration Statement filed with the SEC and was declared effective on February 4, 2025, with shares commencing trading on The Nasdaq Capital Market on February 5, 2025, under the symbol 'CJMB'. Net proceeds from the offering were approximately $4.1 million after offering expenses. The agreement also included a warrant for the underwriters to purchase an additional 64,000 shares at $4.80 per share. On February 7, 2025, the underwriters partially exercised their over-allotment option, purchasing an additional 163,569 shares, which generated net proceeds of around $592,000. The company has agreed not to issue additional stock until February 4, 2026, without consent from the representative. On the same day, the company announced the closing of the Partial Over-Allotment via a press release.
Additional details:
Underwriting Agreement Date: 2025-02-04
Shares Offered: 1280000
Offering Price: 4.00
Over Allotment Option: 192000
Net Proceeds Ipo: 4100000
Net Proceeds Partial Over Allotment: 592000
Warrant Shares: 64179
Warrant Exercise Price: 4.80
Lock Up Period End: 2026-02-04
Form Type: 424B4
Filing Date: 2025-02-06
Corporate Action: Ipo
Type: New
Accession Number: 000149315225005135
Filing Summary: Callan JMB Inc. is conducting an initial public offering (IPO) of 1,280,000 shares of its common stock at an initial price of $4.00 per share, generating estimated proceeds of approximately $4.68 million before expenses. The common stock, also subject to Underwriters' Warrants allowing for the purchase of an additional 64,000 shares, has been approved for listing on the Nasdaq Capital Market under the symbol “CJMB.” With the execution of the offering, founding members Wayne Williams and Dr. David Croyle will retain approximately 52.6% and 17.5% of voting power, respectively, recognizing Callan JMB as a controlled company under Nasdaq's governance rules. An additional 45-day option for underwriters to purchase up to 192,000 shares to cover over-allotments has been granted. The delivery of shares is expected on February 6, 2025.
Additional details:
Underwriters Warrants: 64000
Offering Price: 4.00
Total Proceeds: 4684800
Initial Public Offering Price: 5120000
Underwriting Discounts And Commissions: 435200
Controlled Company: true
Form Type: S-1/A
Filing Date: 2025-01-08
Corporate Action: Ipo
Type: New
Accession Number: 000149315225001375
Filing Summary: Callan JMB Inc. is conducting its initial public offering (IPO) by registering 1,280,000 shares of common stock at an expected price between $4.00 and $6.00 per share. The offer includes warrants for underwriters to purchase up to 64,000 additional shares. The company has applied for listing on Nasdaq under the symbol 'CJMB'. Currently, the company is considered a controlled entity with Wayne Williams, the CEO, holding 75% of shares, while Dr. David Croyle holds 25%. The document outlines Callan JMB as a vertically integrated logistics company specializing in thermal management solutions for the life sciences sector, emphasizing innovative and environmentally responsible operations. It details plans for utilizing advanced predictive technology to maintain the integrity of temperature-sensitive shipments. The prospectus highlights risks associated with the offering and emphasizes Callan JMB's emerging growth status, aiming to leverage technology toward improved efficiency and service delivery in logistics and fulfillment. Additionally, the company focuses on emergency preparedness and innovative packaging solutions as key aspects of their business strategy.
Additional details:
Cik: 990931141
Address: 244 Flightline Drive, Spring Branch, Texas 78070-6241
Primary Sic Code: 7389
Irs Employer Id Number: 99-0931141
Shares Offered: 1280000
Expected Price Per Share Low: 4
Expected Price Per Share High: 6
Warrants Quantity: 64000
Voting Power Williams: 52.6
Voting Power Croyle: 17.5
Controlled Company Status: yes
Emerging Growth Company: yes
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