Adamas One

General Information
Business:

(Note: Adamas One Corp. priced its downsized IPO on Dec. 6, 2022, at $4.50 – the low end of its $4.50-to-$5.00 price range – on 2.45 million shares offered by the company – down from 3.15 million shares in the prospectus – to raise $11.03 million. Selling stockholders sold 4.46 million shares (4,461,495 shares) at $4.50 to raise $20.08 million. Adamas One did NOT receive any proceeds from the sale of the selling stockholders’ shares. Although the IPO was priced on Dec. 6, 2022, it appears that the stock did not trade on Dec. 7, 2022, on the NASDAQ.) 

We use our proprietary technology (our Diamond Technology) to produce high quality single crystal diamonds, also known as synthetic diamonds, and diamond materials through a CVD (chemical vapor deposition) process.

*Note: Revenue and net loss figures are for the nine months that ended June 30, 2022.

(Note: Adamas One increased its IPO again – to a total of 7.17 million shares (7,165,904 shares) from 5.37 million shares (5,374,612 shares) – in an S-1/A filing dated Nov. 9, 2022. The price range remains at $4.50 to $5.00. Under the new terms, the company is still offering the same number of shares – 3.15 million shares – while the selling stockholders will now be offering 4.02 million shares (4,015,904 shares). Total proceeds are now $34.06 million, but the company’s proceeds will be only $14.96 million. The company filed its S-1 on June 1, 2022.)

(*Note: The company will NOT receive any proceeds from the sale of the selling stockholders’ shares.)

Industry: Diamonds
Employees: 9
Founded: 2018
Contact Information
Address 17767 N. Perimeter Dr., Ste B115 Scottsdale, Arizona 85255
Phone Number (480) 356-8798
Web Address http://www.adamasone.com/
View Prospectus: Adamas One
Financial Information
Market Cap $98.19mil
Revenues $1.1 mil (last 12 months)
Net Income $-6.95 mil (last 12 months)
IPO Profile
Symbol JEWL
Exchange NASDAQ
Shares (millions): 2.5
Price range $4.50 - $4.50
Est. $ Volume $11.0 mil
Manager / Joint Managers Alexander Capital/ Network1 Financial Securities
CO-Managers
Expected To Trade: 12/7/2022
Status: Priced
Quiet Period Expiration Date:
Lock-Up Period Expiration Date:
SCOOP Rating
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