Infobird Co., Ltd. Announces Exercise and Closing of Underwriters' Over-Allotment Option in Initial Public Offering BEIJING, CHINA / ACCESSWIRE / June 9, 2021 / Infobird Co., Ltd ("Infobird"), a software-as-a-service provider of innovative AI-powered, or artificial intelligence enabled, customer engagement solutions in China, announces the issuance and sale of an additional 125,000 ordinary shares at a public offering price of $4.00 per share, before underwriting discounts and commissions, resulting in gross proceeds of $500,000, before underwriting discounts and commissions and offering expenses, pursuant to the partial exercise of the underwriters' over-allotment option in connection with Infobird's previously announced underwritten initial public offering. After giving effect to the partial exercise of the underwriters' over-allotment option, the total number of ordinary shares sold by Infobird in the initial public offering was 6,375,000 shares and gross proceeds were $25,500,000, before underwriting discounts and commissions and offering expenses. The offering was conducted on a firm commitment basis. All of the ordinary shares were offered by Infobird.