Park Dental Partners completes $20 million IPO on NASDAQ

Park Dental Partners, Inc. (NASDAQ: PARK) announced the closing of its initial public offering, selling 1,535,000 shares of common stock at $13.00 per share. The dental services company received approximately $20 million in gross proceeds before underwriting fees and expenses, according to a company statement.

The shares began trading on The Nasdaq Capital Market on December 3, 2025. The company granted underwriters a 30-day option to purchase up to 230,250 additional shares at the offering price, less underwriting discounts.

Park Dental Partners also issued warrants to Northland Capital Markets, representing the underwriters, to purchase up to 6% of total shares sold in the offering at 120% of the public offering price. The warrants are exercisable during a four and one-half year period beginning 180 days after the offering's closing.

Northland Capital Markets and Craig-Hallum Capital Group LLC served as joint book-running managers for the offering. The Securities and Exchange Commission declared the registration statement effective on December 2, 2025.

The Minneapolis-based company operates as a dental resource organization providing business support services to affiliated dental practices across Minnesota and Wisconsin. Park Dental Partners supports over 200 dentists across 85 practice locations through long-term administrative agreements, offering services including clinical support, administrative personnel, facilities, equipment, and revenue cycle management.

The company's network provides general and specialty dental services including oral surgery, periodontics, pediatric dentistry, prosthodontics, endodontics, and orthodontics.

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