LMPG Pauses IPO Effort

LMPG Inc. (previously Lumenpulse Group Inc.), an industrial technology company with a core focus on specification-grade LED lighting solutions, has decided not to pursue its recently announced IPO, citing non-optimal current market conditions. The IPO was launched in the context of accelerating the company's acquisition strategy which was designed to seize growth opportunities in its sector after the COVID-19 pandemic. With this pause in its IPO, the company will focus on the ongoing execution of its strategic plan and build on its organic growth in its current markets. The company will revisit its IPO strategy when market conditions will be less volatile.