Categories: Stock Market News

Inlif Costs 2M Share IPO at $4/sh


INLIF LIMITED (INLF), an organization engaged within the analysis, improvement, manufacturing, and gross sales of injection molding machine-dedicated manipulator arms, right this moment introduced the pricing of its preliminary public providing (the “Providing”) of two,000,000 odd shares at a public providing value of US$4.00 per odd share. The odd shares have been authorised for itemizing on the Nasdaq Capital Market and are anticipated to start buying and selling on January 2, 2025 underneath the ticker image “INLF.”

The Firm expects to obtain combination gross proceeds of US$8 million from the Providing, earlier than deducting underwriting reductions and different associated bills. As well as, the Firm has granted the underwriters a 45-day choice to buy as much as a further 300,000 odd shares on the public providing value, much less underwriting reductions. The Providing is anticipated to shut on or about January 3, 2025, topic to the satisfaction of customary closing situations.

Proceeds from the Providing can be used for (i) the development of a 5G digital clever gear manufacturing base; (ii) establishing 24 native advertising and repair places of work throughout the PRC; (iii) the development of an industrial robotic and automation software expertise analysis and improvement heart; and (iv) working capital.

The Providing is being performed on a agency dedication foundation. AC Sunshine Securities LLC acted as underwriter for the Providing (the “Underwriter”). Hunter Taubman Fischer & Li LLC is performing as U.S. securities counsel to the Firm, and iTKG Regulation LLC is performing as U.S. counsel to the Underwriter in reference to the Providing.

A registration assertion on Type F-1 regarding the Providing was filed with the U.S. Securities and Change Fee (the “SEC”) (File Quantity: 333-279569) and was declared efficient by the SEC on December 20, 2024. The Providing is being made solely by the use of a prospectus, forming part of the registration assertion. Copies of the prospectus regarding the Providing could also be obtained from AC Sunshine Securities LLC, Attn: 200 E. Robinson Avenue, Suite 295, Orlando, FL 32801, or by e mail at prospectus@acsunshine.com, or by calling +1(689)-867-6218. As well as, copies of the prospectus regarding the Providing could also be obtained through the SEC’s web site at www.sec.gov.

Earlier than you make investments, you need to learn the prospectus and different paperwork the Firm has filed or will file with the SEC for extra details about the Firm and the Providing. This press launch doesn’t represent a suggestion to promote, or the solicitation of a suggestion to purchase any of the Firm’s securities, nor shall there be any supply, solicitation or sale of any of the Firm’s securities in any state or jurisdiction by which such supply, solicitation or sale can be illegal previous to registration or qualification underneath the securities legal guidelines of such state or jurisdiction.

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