WhiteFiber Inc. (NASDAQ:WYFI) announced that the underwriters of its initial public offering have exercised the full over-allotment option, purchasing an additional 1,406,250 ordinary shares at $17.00 each, generating roughly $23.9 million in additional gross proceeds.
With this exercise, the total number of shares sold in the IPO rises to 10,781,250, increasing total gross proceeds to approximately $183.3 million. The over-allotment transaction is expected to close on September 4, 2025, subject to standard closing conditions.
WhiteFiber’s ordinary shares began trading on The Nasdaq Capital Market on August 7, 2025, under the ticker “WYFI.”
B. Riley Securities and Needham & Company acted as joint book-running managers for the offering, with Macquarie Capital also serving as a book-runner. Roth Capital Partners was the lead manager, while Craig-Hallum and Clear Street served as co-managers. The Securities and Exchange Commission declared the registration statement for these securities effective on August 6, 2025.
WhiteFiber provides artificial intelligence infrastructure solutions, operating high-performance computing data centers and cloud services for clients. Its vertically integrated model combines colocation, hosting, and cloud offerings designed for generative AI workloads. WhiteFiber was spun out of Bit Digital Inc. in connection with the IPO and now functions as an independent public company.
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