WhiteFiber, Inc. announced on September 3, 2025, that the underwriters of its initial public offering fully exercised their option to purchase an additional 1,406,250 ordinary shares. These shares were sold at the public offering price of $17.00 per share. This exercise resulted in additional gross proceeds of approximately $23.9 million for the company.
The full exercise of the over-allotment option indicates robust investor interest in WhiteFiber's public offering. This additional capital further bolsters the company's balance sheet following its recent IPO. The increased funds provide WhiteFiber with greater financial flexibility to pursue its strategic objectives.
These additional proceeds will support WhiteFiber's continued investment in high-performance computing data centers and cloud-based GPU services. The company is actively expanding its infrastructure to meet the strong demand for AI computing resources. This financing move reinforces WhiteFiber's capacity for future growth and operational execution.
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