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MARKETNeutralfinancingnews

High materiality7/10

Modern Mining closes $40M IPO (9.41M shares at $4.25); to list as MDRN Nov. 13

Nov 12, 2026, 10:40 AM EST1 sourcesAI-analyzed

Why it may matterVerify against the original reporting

The disclosed financing injects $40M of capital into the company (financing mechanism) and creates immediate public-market liquidity; the economic effect depends on how the proceeds are deployed and the post-offering share count.

AI summary

What happened, with direct paths to the underlying reporting

Modern Mining completed a $40M IPO selling 9.41M shares at $4.25 and will begin trading on the NYSE American as MDRN on Nov. 13.

Modern Mining closed a $40 million IPO of 9.41 million shares at $4.25 per share.
The company will begin trading on NYSE American as 'MDRN' on Friday 13 Nov.

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Modern Mining closes $40M IPO (9.41M shares at $4.25); to list as MDRN Nov. 13

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