Kidpik Corp. Announces Closing of $ 18.0 Million Initial Public Offering


NEW YORK–(COMMERCIAL THREAD) – Kidpik Corp. (“KIDPIK” or the “Company”), an online clothing subscription e-commerce company, today announced the closing of its initial public offering of 2,117,647 common shares at a public offering price of 8, $ 50 per share, resulting in total gross proceeds of approximately $ 18.0 million before the deduction of subscription rebates, commissions and offering costs. KIDPIK’s common stock began trading on the NASDAQ under the symbol “PIK” on November 11, 2021. In addition, KIDPIK has granted the underwriters a 45-day option to purchase up to 317,647 additional common shares only to cover plus – public price allocations less subscription discounts and commissions.

EF Hutton, a division of Benchmark Investments, LLC, acted as the sole book manager for the offering.

The Securities and Exchange Commission (“SEC”) declared in effect a registration statement on Form S-1, as amended (File No. 333-260101) (the “Registration Statement”), on November 10 2021, and a registration statement on Form S-1MEF (File No. 333-260986) was filed with the SEC on the same date and became effective upon filing. Copies of the registration statement can be viewed on the SEC’s website at www.sec.gov. The offer was made only by means of a prospectus. Electronic copies of the final prospectus relating to this offering may be obtained from EF Hutton, a division of Benchmark Investments, LLC, 590 Madison Avenue, 39th Floor, New York, NY 10022, Attention: Syndicate Department, or by email at union address @ efhuttongroup. com or by phone at (212) 404-7002.

This press release does not constitute an offer to sell or the solicitation of an offer to buy any of the securities described in this document, and there will be no sale of such securities in any state or jurisdiction in which such offering, solicitation or sale would be illegal. prior to registration or qualification under the securities laws of any such state or jurisdiction.

About Kidpik Corp.

Founded in 2016, KIDPIK (NASDAQ: PIK) is an online clothing subscription box for kids, offering expertly styled mix and match outfits that are curated based on each member’s style preferences. KIDPIK delivers a monthly or seasonal surprise box, providing an effortless shopping experience for parents and a fun discovery for kids. Each seasonal collection is designed in-house by a team with decades of experience designing children’s clothing. KIDPIK combines the expertise of fashion stylists with exclusive data and technology to translate children’s unique style preferences into surprise boxes of selected outfits. We also sell our branded clothing and footwear through our e-commerce website, www.shop.kidpik.com. For more information, visit www.kidpik.com.

Forward-looking statements

This press release contains statements that constitute “forward-looking statements”. The Private Securities Litigation Reform Act of 1995 provides a safe haven for forward-looking statements. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company. Although the Company believes that these forward-looking statements are reasonable, one should not place undue reliance on these forward-looking statements, which are based on information available to the Company as of the date of this press release. These forward-looking statements are based on current estimates and assumptions and are subject to various risks and uncertainties, including, without limitation, those set forth in the “Risk Factors” section of the Company’s registration statement and of the preliminary prospectus for the offer filed with SECONDE. Thus, the actual results could be materially different. The Company does not undertake to update these statements, whether as a result of new information, future events or otherwise, after the date of this publication, except as required by law.


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