01:34 PM EDT, 07/05/2024 (MT Newswires) -- Raytech Holding ( RAY ) said Friday that it has sold an additional 113,083 shares following the partial exercise of the underwriters' over-allotment option granted in its initial public offering.

The company said it has raised $452,332 with the sale, in addition to the proceeds of about $6 million secured earlier from its IPO. It granted an over-allotment option of 225,000 shares to its underwriters, including Revere Securities and R.F. Lafferty.

Shares of Raytech ( RAY ) were up more than 2% in recent trading.

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