Callan JMB announces pricing of $5.12 million initial public offering

Callan JMB Inc. (“Callan” or the “Company”), an integrative logistics company empowering the healthcare industry and emergency management agencies through exceptional fulfillment, storage, monitoring, and cold chain logistics services, today announced the pricing of its initial public offering (the “Offering”) of 1,280,000 shares (the “Shares”) of common stock (“Common Stock”) at an initial public offering price of $4.00 per Share for a total of approximately $5,120,000 of gross proceeds to the Company before deducting underwriting discounts and commissions and estimated offering expenses payable by the Company. In addition, Callan has granted the underwriters a 45-day option to purchase, at the public offering price, up to an additional 192,000 shares of Common Stock at the public offering price, less the underwriting discounts and commissions.

The Shares are expected to begin trading on the Nasdaq Capital Market on February 5, 2025, under the ticker symbol “CJMB”. The Offering is expected to close on or about February 6, 2025, subject to the satisfaction of customary closing conditions.

The Company intends to use the net proceeds of the Offering primarily for sales support, marketing, customer expansion and general corporate purposes, including working capital.

Alexander Capital L.P. (“Alexander”) is the managing underwriter for the Offering, and Alexander and Paulson Investment Company, LLC are acting as joint book-runners for the Offering. Sichenzia Ross Ference Carmel LLP is serving as counsel to the Company, and Sullivan & Worcester LLP is serving as counsel to Alexander in connection with the Offering.

A registration statement on Form S-1, as amended (File No. 333-282879), relating to the Shares described above was filed with the U.S. Securities and Exchange Commission (“SEC”) and was declared effective on February 4, 2025. The Offering is being made only by means of a prospectus.