Latest news with #R.F.Lafferty&Co.
Business Insider
3 days ago
- Business
- Business Insider
Raytech files to sell 30M ordinary shares
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Yahoo
04-04-2025
- Business
- Yahoo
Lianhe Sowell International Group Ltd Announces Closing of Initial Public Offering
Shenzhen, China, April 04, 2025 (GLOBE NEWSWIRE) -- Lianhe Sowell International Group Ltd (Nasdaq: LHSW) (the 'Company'), a provider of machine vision products and solutions applied in a wide range of businesses across industries in China, today announced the closing of its initial public offering (the 'Offering') of 2,000,000 ordinary shares (the 'Ordinary Shares') at a public offering price of $4 per share for aggregate gross proceeds of $8 million, before deducting underwriting discounts and other offering expenses. The Ordinary Shares commenced trading on Nasdaq Capital Market on April 3, 2025, under the ticker symbol 'LHSW'. The Offering closed on April 4, 2025. The Company has granted the underwriters an option, exercisable within 30 days from the closing date of the Offering, to purchase up to an additional 300,000 Ordinary Shares at the public offering price, less underwriting discounts, to cover over-allotments, if any. The Company intends to use the net proceeds from the Offering for (i) investment in machine vision business, research and development for new products and relevant market expansion; (ii) expansion of the spray painting robot business, including the preliminary installation of production equipment and machineries of an in-house production and assembly line for production of Nine-Axis Linkage Spray Painting Robots; and (iii) general corporate purposes and working capital. The Offering was conducted on a firm commitment basis. R.F. Lafferty & Co., Inc. acted as sole underwriter for the Offering. Robinson & Cole LLP acted as U.S. securities counsel to the Company, and Ellenoff Grossman & Schole LLP acted as U.S. counsel to the Underwriter, in connection with the Offering. A registration statement on Form F-1 (File No. 333-279303) relating to the Offering, as amended, was previously filed with the U.S. Securities and Exchange Commission (the 'SEC') and was declared effective by the SEC on March 31, 2025. The Offering was made only by means of a prospectus. Copies of the prospectus related to the Offering may be obtained from R. F. Lafferty & Co., Inc. by standard mail to R. F. Lafferty & Co., Inc., 40 Wall Street, 27th Floor, New York, NY 10005, or via email at offerings@ or by telephone at +1 (212) 293-9090. In addition, a copy of the final prospectus relating to the Offering, dated April 2, 2025, can also be obtained via the SEC's website at Before you invest, you should read the prospectus and other documents the Company has filed or will file with the SEC for more information about the Company and the Offering. This press release has been prepared for informational purposes only and shall not constitute an offer to sell or the solicitation of an offer to buy the securities described herein, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. About Lianhe Sowell International Group Ltd Lianhe Sowell International Group Ltd (Nasdaq: LHSW) provides industrial vision and industrial robotics solutions. With expertise in the field of machine vision and intelligent equipment, the Company specializes in smart transportation, industrial automation, artificial intelligence, and machine vision. Committed to offering comprehensive intelligent solutions to customers worldwide, the Company continuously advances the intelligent transformation of various industries through technological more information, please visit: Forward-Looking Statement This press release contains forward-looking statements. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts. When the Company uses words such as 'may, 'will, 'intend,' 'should,' 'believe,' 'expect,' 'anticipate,' 'project,' 'estimate' or similar expressions that do not relate solely to historical matters, it is making forward-looking statements. These forward-looking statements include, without limitation, the Company's statements regarding the intended use of the proceeds from the Offering. Forward-looking statements are not guarantees of future performance and involve risks and uncertainties that may cause the actual results to differ materially from the Company's expectations discussed in the forward-looking statements. These statements are subject to uncertainties and risks including, but not limited to, the uncertainties related to market conditions and other factors discussed in the 'Risk Factors' section of the registration statement filed with the SEC. For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking statements in this press release. Additional factors are discussed in the Company's filings with the SEC, which are available for review at The Company undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after the date hereof. For more information, please contact: UnderwriterR. F. Lafferty & Co., Inc.40 Wall Street, 27th FloorNew York, NY 10005(212) 293-9090offerings@ Investor RelationsWFS Investor Relations WangEmail: services@ +86 13811768599+1 628 283 9214Sign in to access your portfolio
Yahoo
03-04-2025
- Business
- Yahoo
Lianhe Sowell International Group Ltd Announces Pricing of Initial Public Offering
Shenzhen, China, April 03, 2025 (GLOBE NEWSWIRE) -- Lianhe Sowell International Group Ltd (the 'Company'), a provider of machine vision products and solutions applied in a wide range of businesses across industries in China, today announced the pricing of its initial public offering (the 'Offering') of 2,000,000 ordinary shares (the 'Ordinary Shares') at a public offering price of $4.00 per share. The Offering is being conducted on a firm commitment basis. The Company expects to receive aggregate gross proceeds of $8 million, before deducting underwriting discounts and other offering expenses. The Ordinary Shares have been approved for listing on the Nasdaq Capital Market and are expected to commence trading on April 3, 2025, under the ticker symbol 'LHSW'. The Offering is expected to close on April 4, 2025, subject to the satisfaction of customary closing conditions. In addition, the Company has granted the underwriter an option (the "Over-Allotment Option") to purchase up to an additional 300,000 Ordinary Shares at the public offering price within 30 days from the closing date of the Offering. The net proceeds from the Offering will be used for (i) investment in machine vision business, research and development for new products and relevant market expansion; (ii) expansion of the spray painting robot business, including the preliminary installation of production equipment and machineries of an in-house production and assembly line for production of Nine-Axis Linkage Spray Painting Robots; and (iii) general corporate purposes and working capital. R.F. Lafferty & Co., Inc. is acting as sole underwriter for the Offering. A registration statement on Form F-1 (File No. 333-279303) relating to the Offering, as amended, has been filed with the U.S. Securities and Exchange Commission (the 'SEC') and was declared effective by the SEC on March 31, 2025. The Offering is being made only by means of a prospectus. Copies of the prospectus related to the Offering may be obtained, when available, from R. F. Lafferty & Co., Inc. by standard mail to R. F. Lafferty & Co., Inc., 40 Wall Street, 27th Floor, New York, NY 10005, or via email at offerings@ or by telephone at +1 (212) 293-9090. In addition, a copy of the prospectus relating to the Offering, when available, can also be obtained via the SEC's website at Before you invest, you should read the prospectus and other documents the Company has filed or will file with the SEC for more information about the Company and the Offering. This press release has been prepared for informational purposes only and shall not constitute an offer to sell or the solicitation of an offer to buy the securities described herein, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. About Lianhe Sowell International Group Ltd Lianhe Sowell International Group Ltd (Nasdaq: LHSW) provides industrial vision and industrial robotics solutions. With expertise in the field of machine vision and intelligent equipment, the Company specializes in smart transportation, industrial automation, artificial intelligence, and machine vision. Committed to offering comprehensive intelligent solutions to customers worldwide, the Company continuously advances the intelligent transformation of various industries through technological more information, please visit: Forward-Looking Statement This press release contains forward-looking statements. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts. When the Company uses words such as 'may, 'will, 'intend,' 'should,' 'believe,' 'expect,' 'anticipate,' 'project,' 'estimate' or similar expressions that do not relate solely to historical matters, it is making forward-looking statements. These forward-looking statements include, without limitation, the Company's statements regarding the expected trading of its Ordinary Shares on the Nasdaq Capital Market and the closing of the Offering. Forward-looking statements are not guarantees of future performance and involve risks and uncertainties that may cause the actual results to differ materially from the Company's expectations discussed in the forward-looking statements. These statements are subject to uncertainties and risks including, but not limited to, the uncertainties related to market conditions and the completion of the initial public offering on the anticipated terms or at all, and other factors discussed in the 'Risk Factors' section of the registration statement filed with the SEC. For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking statements in this press release. Additional factors are discussed in the Company's filings with the SEC, which are available for review at The Company undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after the date hereof. For more information, please contact: UnderwriterR. F. Lafferty & Co., Inc.40 Wall Street, 27th FloorNew York, NY 10005(212) 293-9090offerings@ Investor RelationsWFS Investor Relations WangEmail: services@ Phone: +86 13811768599+1 628 283 9214
Associated Press
05-02-2025
- Business
- Associated Press
Plutus Financial Group Limited Announces Pricing of Initial Public Offering
Hong Kong, Feb. 05, 2025 (GLOBE NEWSWIRE) -- Plutus Financial Group Limited ('the 'Company') (NasdaqCM: PLUT), a Hong Kong-based financial services company, today announced the pricing of its initial public offering (the 'Offering') of 2,100,000 ordinary shares at a public offering price of $4 per ordinary share, for total gross proceeds of $8.4 million, before deducting underwriting discounts and offering expenses. The Offering is being conducted on a firm commitment basis. The ordinary shares are expected to commence trading on Nasdaq Capital Market under the ticker symbol 'PLUT' on February 5, 2025. The Company has granted the underwriter an option, exercisable within 45 days from the date of the underwriting agreement, to purchase up to an additional 315,000 ordinary shares at the public offering price, less underwriting discounts and expenses. The Offering is expected to close on February 6, 2025, subject to customary closing conditions. The Company intends to use the proceeds from the Offering for: i) development of tailor-made software and applications for different aspects of its operations, including customer services, trading, wealth management, and portfolio construction and monitoring; ii) increasing its available funding for offering trading facilities solutions to customers, including margin trading, and IPO margin financing; and iii) expansion of its customer management and wealth management teams. R.F. Lafferty & Co., Inc. is acting as lead underwriter for the Offering, with Revere Securities LLC acting as co-underwriter. The Crone Law Group, P.C. is acting as counsel to the Company. Sichenzia Ross Ference Carmel LLP is acting as lead counsel to the underwriters with respect to the Offering. A registration statement on Form F-1, as amended (File No. 333-276791) relating to the Offering was previously filed with the Securities and Exchange Commission (the 'SEC') by the Company, and subsequently declared effective by the SEC on February 4, 2025. The Offering is being made only by means of a prospectus, forming a part of the registration statement. A final prospectus relating to the Offering will be filed with the SEC and will be available on the SEC's website at Electronic copies of the final prospectus related to the Offering may be obtained, when available, from R.F. Lafferty & Co., Inc., 40 Wall Street, 27th Floor, New York, NY 10005, or by telephone at (212) 293-9090. Before you invest, you should read the final prospectus and other documents the Company has filed or will file with the SEC for more complete information about the Company and the Offering. This press release shall not constitute an offer to sell or the solicitation of an offer to buy the securities described herein, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. About Plutus Financial Group Limited Plutus Financial Group Limited is a Hong Kong-based financial services holding company operating through two wholly-owned primary subsidiaries – Plutus Securities Limited ('Plutus Securities') and Plutus Asset Management Limited ('Plutus Asset Management'). Plutus Securities, a securities broker licensed by the Securities and Futures Commission of Hong Kong (the 'SFC') and a Participant on the HKEx stock exchange in Hong Kong, provides quality securities dealing and brokerage, margin financing, securities custody, and nominee services. As a licensed securities broker, Plutus Securities provides a range of financial services, including: Hong Kong stock trading through the internet, mobile app, and customer phone hotline Margin financing; Securities custody and nominee services; providing secure and reliable clearing and settlement procedures; Access to debt capital markets; and Equity capital markets for issuers, offer underwriting for IPO and other equity placements, and marketing, distribution and pricing of lead-managed and co-managed offerings. Plutus Asset Management, a wealth management and advisory firm licensed by the SFC, provides wealth management services including: Professional funds management; Discretionary accounts with strategies developed for customers based on individual risk tolerance and investment preferences; Investment consulting and advisory services for funds managed by other companies; and Investment funds, including a real estate fund, a fixed income fund, a private equity investment, and a hedge fund. For more information, visit the Company's website at Forward-Looking Statements All statements other than statements of historical fact in this announcement are forward-looking statements, including but not limited to, the Company's proposed Offering. These forward-looking statements involve known and unknown risks and uncertainties and are based on current expectations and projections about future events and financial trends that the Company believes may affect its financial condition, results of operations, business strategy and financial needs, including the expectation that the Offering will be successfully completed. Investors can identify these forward-looking statements by words or phrases such as 'may,' 'will,' 'expect,' 'anticipate,' 'aim,' 'estimate,' 'intend,' 'plan,' 'believe,' 'potential,' 'continue,' 'is/are likely to' or other similar expressions. The Company undertakes no obligation to update forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company's registration statement and in its other filings with the SEC.
