The electric toothbrush subscription service did not disclose how much it aims to raise or the price per share in a U.S. Securities and Exchange Commission filing dated July 1. (The Logic)
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The electric toothbrush subscription service did not disclose how much it aims to raise or the price per share in a U.S. Securities and Exchange Commission filing dated July 1. (The Logic)
Talking point: It plans to trade under the symbol BRSH. The firm will use the funds raised to increase e-commerce sales, add staff and launch new products such as a whitening pen and a kids electric toothbrush. It also plans to repay US$4.65 million in debt. The company is not yet profitable. For the nine months ending Oct. 31, 2021, it recorded a net loss of roughly US$4.2 million. Brüush has raised two fundraising rounds so far, according to PitchBook, including a $6.5-million Series A announced in September 2020. The company’s IPO comes amid an uncertain investment climate that’s seen a slowdown in firms going public.
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