Business
Park Dental Partners, Inc. Announces Closing of Initial Public Offering
MINNEAPOLIS & ST. PAUL, Minn., December 04, 2025--Park Dental Partners, Inc. Announces Closing of Initial Public Offering
About this update from Park Dental Partners, Inc.
[{"type":"text","content":"MINNEAPOLIS & ST. PAUL, Minn., December 04, 2025--(BUSINESS WIRE)--Park Dental Partners, Inc. ("Park Dental Partners" or the "Company"), today announced the closing of its initial public offering of 1,535,000 shares of its common stock at a price to the public of $13.00 per share. The shares of common stock began trading on The Nasdaq Capital Market on December 3, 2025, under the symbol "PARK."","length":431,"tagName":"p"},{"type":"text","content":"Park Dental Partners received aggregate gross proceeds of approximately $20 million from the initial public offering, before deducting underwriting discounts and commissions and offering expenses. In addition, Park Dental Partners has granted the underwriters a 30-day option to purchase up to an additional 230,250 shares of common stock at the public offering price, less underwriting discounts and commissions, and has issued to Northland Capital Markets, as representative for the underwriters, a warrant to purchase up to a total of 6% of the total shares of common stock sold in the offering at a price equal to 120% of the public offering price, exercisable during the four and one-half year period commending 180 days from the closing of the offering.","length":759,"tagName":"p"},{"type":"text","content":"Northland Capital Markets and Craig-Hallum Capital Group LLC are acting as joint book-running managers for the offering.","length":120,"tagName":"p"},{"type":"text","content":"A registration statement relating to these securities has been filed with the U.S. Securities and Exchange Commission ("SEC") and was declared effective on December 2, 2025. The offering was made only by means of a Prospectus forming a part of such Registration Statement and filed with the SEC. Copies of the final prospectus may be obtained from Northland Securities, Inc., 150 South Fifth Street, Suite 3300, Minneapolis, MN 55402, Attention: Heidi Fletcher, by telephone at (612) 851-4918 or by email at [email protected] or from Craig-Hallum Capital Group LLC, Attention: Equity Capital Markets, 323 North Washington Ave., Minneapolis, MN 55401 by telephone at (612) 334-6300 or by email at [email protected], or by visiting the SEC’s website located at http://www.sec.gov. Alternatively, copies may be requested from Park Dental Partners, Inc., 2200 Coun...