The initial public offering (IPO) of shares in the Oklahoma-based prepared salads producer Vaughan Foods has raised US$13.98m, Paulson Capital Corp. has announced.

The offering comprised 2.15m units of one share of common stock offered, one Class A warrant and one Class B warrant. The initial unit offering price was $6.50 per unit.

The units closed at $6.55 after their first day of trading on Nasdaq stock exchange.