ARMLOGI HOLDING CORP. ANNOUNCES PRICING OF $8 MILLION INITIAL PUBLIC OFFERING
14 Maggio 2024 - 12:00AM
Armlogi Holding Corp. (“Armlogi” or the “Company”) (Nasdaq: BTOC),
a U.S.-based warehousing and logistics service provider that offers
a comprehensive package of supply-chain solutions related to
warehouse management and order fulfillment, today announced the
pricing of its initial public offering (the “Offering”) of
1,600,000 shares of common stock at a public offering price of
$5.00 per share to the public for a total of $8,000,000 of gross
proceeds to the Company, before deducting underwriting discounts
and offering expenses.
The Company has granted a 45-day option to the
underwriters to purchase up to 240,000 additional shares of common
stock solely to cover over-allotments, if any.
The shares are scheduled to begin trading on the
Nasdaq Global Market on May 14, 2024, under the ticker symbol
“BTOC.” The offering is expected to close on or about May 15, 2024,
subject to customary closing conditions.
EF Hutton LLC is acting as the sole book-running
manager for the Offering.
Hunter Taubman Fischer & Li LLC is acting as
U.S. counsel to Armlogi, and VCL Law LLP is acting as U.S. counsel
to EF Hutton LLC in connection with the Offering.
A registration statement on Form S-1, as amended
(File No. 333-274667), was filed with the United States Securities
and Exchange Commission (the “SEC”) and was declared effective on
May 13, 2024. A copy of the final prospectus related to the
Offering, when available, will be filed with the SEC and may be
obtained from EF Hutton LLC, 590 Madison Avenue, 39th Floor, New
York, NY 10022, Attention: Syndicate Department, or via email at
syndicate@efhutton.com or telephone at (212) 404-7002. In addition,
a copy of the final prospectus, when available, relating to the
Offering may be obtained via the SEC’s website at www.sec.gov.
This press release shall not constitute an offer
to sell or the solicitation of an offer to buy these securities,
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 Armlogi Holding Corp.
Armlogi Holding Corp., based in Walnut, CA, is a
fast-growing U.S.-based warehousing and logistics service provider
that offers a comprehensive package of supply-chain solutions
relating to warehouse management and order fulfillment. The Company
caters to cross-border e-commerce merchants looking to establish
overseas warehouses in the U.S. market. With ten warehouses
covering approximately 1,800,000 square feet, the Company offers
comprehensive one-stop warehousing and logistics services. The
Company’s warehouses are equipped with facilities and technology
for handling and storing large and bulky items. For more
information, please visit www.armlogi.com.
Safe Harbor StatementThis press
release contains forward-looking statements. In addition, from time
to time, we or our representatives may make forward-looking
statements orally or in writing. We base these forward-looking
statements on our expectations and projections about future events,
which we derive from the information currently available to us.
Such forward-looking statements relate to future events or our
future performance, including: our financial performance and
projections; our growth in revenue and earnings; and our business
prospects and opportunities. You can identify forward-looking
statements by those that are not historical in nature, particularly
those that use terminology such as “may,” “should,” “expects,”
“anticipates,” “contemplates,” “estimates,” “believes,” “plans,”
“projected,” “predicts,” “potential,” or “hopes” or the negative of
these or similar terms. In evaluating these forward-looking
statements, you should consider various factors, including: our
ability to change the direction of the Company; our ability to keep
pace with new technology and changing market needs; and the
competitive environment of our business. These and other factors
may cause our actual results to differ materially from any
forward-looking statement. Forward-looking statements are only
predictions. We are not obligated to publicly update or revise any
forward-looking statement, whether as a result of uncertainties and
assumptions. The forward-looking events discussed in this press
release and other statements made from time to time by us or our
representatives, may not occur, and actual events and results may
differ materially and are subject to risks, uncertainties, and
assumptions about us.
Investor Relations
Contact:Matthew Abenante, IRCPresidentStrategic Investor
Relations, LLC Tel: 347-947-2093Email: matthew@strategic-ir.com
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