ROC announced the closing of its initial public offering, issuing 4 million shares at $6.00 per share for total gross proceeds of $24 million before underwriting fees and expenses. The company priced the offering at the top of the expected window and commenced trading on the Nasdaq Capital Market on February 20, 2026.
Under the terms of the offering, ROC granted the underwriters a 30-day option to buy up to 600,000 additional shares to cover potential over-allotments. The Benchmark Company acted as the sole book running manager for the transaction.
ROC described intended uses for the net proceeds from the offering. The company said it will allocate capital to hire personnel to support growth initiatives, to expand neural-processing infrastructure aimed at developing its Vision AI algorithms, and to provide working capital and support general corporate needs.
The company develops biometric systems, video analytics, and mission intelligence solutions intended for applications in defense, public safety, and digital commerce. ROC is headquartered in Denver and maintains additional locations in Grand Rapids, Michigan, and Morgantown, West Virginia.
Regulatory milestones for the offering included the Securities and Exchange Commission declaring ROC’s registration statement effective on January 30, 2026. A supplemental registration statement was filed subsequently and became effective on February 20, 2026.
Legal representation in the deal was split between firms advising the issuer and the underwriter. Lucosky Brookman served as counsel to ROC, while Sheppard, Mullin, Richter & Hampton represented the underwriter in the transaction.
Summary
ROC closed a $24 million IPO by selling 4 million shares at $6.00 each, launched trading on Nasdaq on February 20, 2026, and granted underwriters a 30-day overallotment option for up to 600,000 additional shares. Proceeds are earmarked for hiring, neural-processing infrastructure expansion for Vision AI algorithm work, and general corporate purposes.
Context and operational footprint
ROC works in biometric, video analytics, and mission intelligence technologies with applications across defense, public safety, and digital commerce. The company operates from Denver and has offices in Grand Rapids, Michigan, and Morgantown, West Virginia.