WhiteFiber IPO Oversubscribed as Underwriters Exercise Full Over-Allotment Option

WhiteFiber, Inc. (NASDAQ: WYFI) announced that the underwriters of its recently completed initial public offering have fully exercised their over-allotment option to purchase an additional 1,406,250 ordinary shares at $17.00 per share. This strategic move generated approximately $23.9 million in additional gross proceeds for the company, significantly boosting the overall financial outcome of the public offering. The exercise of this option increased the total number of shares sold in the IPO to 10,781,250 ordinary shares, bringing the aggregate gross proceeds to approximately $183.3 million. This development demonstrates strong market confidence in WhiteFiber's business model and future prospects.

The company's shares began trading on the Nasdaq Capital Market on August 7, 2025, under the ticker symbol WYFI. The successful execution of the over-allotment option represents a significant milestone for WhiteFiber as it establishes its presence in the public markets. The offering was managed by a consortium of investment firms with B. Riley Securities and Needham & Company acting as joint book-running managers. Macquarie Capital served as book-runner, while Roth Capital Partners acted as lead manager, and Craig-Hallum and Clear Street served as co-managers. This diverse and experienced underwriting team helped ensure the offering's success in the competitive market environment.

WhiteFiber operates as a provider of artificial intelligence infrastructure solutions, owning high-performance computing data centers and providing cloud services to customers. The company's vertically integrated model combines specialized colocation, hosting, and cloud services engineered specifically to maximize performance, efficiency, and margin for generative AI workloads. This strategic focus positions WhiteFiber to capitalize on the rapidly growing demand for AI computing infrastructure as businesses across multiple sectors increasingly adopt artificial intelligence technologies. The additional capital from the over-allotment exercise will provide WhiteFiber with enhanced financial flexibility to execute its growth strategy and expand its AI infrastructure capabilities.

The full exercise of the over-allotment option represents a positive market signal for WhiteFiber's future prospects and indicates strong investor appetite for companies operating in the AI infrastructure space. The additional $23.9 million in proceeds will strengthen the company's balance sheet and support its ongoing operations and expansion initiatives. For more information about the company, visit https://www.whitefiber.com. The successful IPO and subsequent over-allotment exercise position WhiteFiber to compete effectively in the rapidly evolving AI infrastructure market while providing the capital necessary to scale its operations and meet growing customer demand for high-performance computing solutions tailored to artificial intelligence applications.