WhiteFiber IPO Oversubscribed as Underwriters Exercise Full Over-Allotment Option

The underwriters for WhiteFiber, Inc.'s initial public offering have fully exercised their over-allotment option, purchasing an additional 1,406,250 ordinary shares at $17.00 per share. This move generated approximately $23.9 million in additional gross proceeds for the artificial intelligence infrastructure company, bringing the total number of shares sold in the IPO to 10,781,250 and aggregate gross proceeds to about $183.3 million.

WhiteFiber's shares began trading on the Nasdaq Capital Market on August 7, 2025, under the ticker symbol WYFI. The successful 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 for the transaction.

The full exercise of the over-allotment option represents significant market confidence in WhiteFiber's business model and growth prospects. Over-allotment options, commonly known as "greenshoe" options, allow underwriters to sell additional shares when demand exceeds expectations, providing companies with extra capital while stabilizing share prices during the initial trading period. The complete utilization of this option indicates robust investor appetite for AI infrastructure investments.

WhiteFiber specializes in providing artificial intelligence infrastructure solutions through its ownership of high-performance computing data centers and cloud services. The company's vertically integrated approach combines specialized colocation, hosting, and cloud services specifically engineered to maximize performance, efficiency, and margin for generative AI workloads. More information about the company's services can be found at https://www.whitefiber.com.

The additional $23.9 million in capital provides WhiteFiber with enhanced financial flexibility to accelerate its expansion plans and technological development. This funding comes at a critical time when demand for AI computing resources continues to surge globally, driven by the rapid adoption of generative AI technologies across multiple industries. The successful capital raise positions WhiteFiber to capitalize on the growing market for specialized AI infrastructure.

The IPO's success reflects broader investor enthusiasm for companies positioned to benefit from the artificial intelligence revolution. As businesses increasingly rely on AI for competitive advantage, the demand for specialized computing infrastructure has created significant opportunities for companies like WhiteFiber that can provide optimized solutions for AI workloads. The full over-allotment exercise suggests that institutional investors see substantial growth potential in the AI infrastructure sector.

For additional details about the offering, the complete press release is available at https://ibn.fm/uDrFn. The offering's success demonstrates the financial market's recognition of the strategic importance of AI infrastructure companies in supporting the next wave of technological innovation and digital transformation across global industries.