GUANGZHOU, China, April 20,
2023 /PRNewswire/ -- Top KingWin Ltd ("Top KingWin"
or the "Company") (Nasdaq: TCJH), a provider of capital market
related education and support services, as well as advisory and
transaction services in China,
today announced the closing of its
initial public offering of 2,750,000 Class A ordinary shares at a
public offering price of $4.00 per
share. The Class A ordinary shares began trading on The Nasdaq
Capital Market under the ticker symbol "TCJH" on April 18, 2023.
The Company received total gross proceeds of $11 million from the offering, before deducting
underwriting discounts and other related expenses payable by the
Company. In addition, the Company has granted the underwriter a
45-day option to purchase up to an additional 412,500 Class A
ordinary shares at the public offering price, less underwriting
discounts and commissions.
The Company intends to use the net proceeds from the offering
for: i) personnel training and recruitment of talented personnel;
ii) system improvement, building online platforms for future online
courses; iii) enhancement of brand recognition through
multi-channel marketing; iv) mergers and acquisitions within the
industry; and v) general corporate purposes and working
capital.
The offering was conducted on a firm commitment basis. Univest
Securities, LLC acted as book runner for the offering. Pacific
Century Securities, LLC and AC Sunshine Securities LLC acted as
co-managers for the offering. Robinson & Cole LLP acted as U.S.
counsel to the Company. Olshan Frome Wolosky LLP acted as U.S.
counsel to the underwriters. Jingtian & Gongcheng acted as PRC
counsel to the Company.
A registration statement on Form F-1, as amended (File
No.333-269290), relating to the offering was filed with the
Securities and Exchange Commission ("SEC") by the Company and
declared effective by the SEC on March 29,
2023. 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 www.sec.gov. Electronic
copies of the final prospectus related to the offering may be
obtained, when available, from Univest Securities, LLC, by standard
mail to Univest Securities, LLC, 75 Rockefeller Plaza Suite 1838,
New York, NY 10019, or by email at
info@univest.us.
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 Top KingWin Ltd
Top KingWin's main clients are entrepreneurs and executives in
small and medium-sized enterprises in China. Services provided by Top KingWin to its
clients including (i) corporate business training services, which
mainly focus on providing training services of advanced knowledge
and new perspectives on the capital markets, (ii) corporate
consulting services, which mainly focus on providing a combination
of customized corporate consulting services to fulfill client's
unique financial needs, and (iii) advisory and transaction
services, which mainly focus on connecting entrepreneurs and
businesses with diversified sources of capital. Its mission is to
provide comprehensive services to address clients' needs throughout
all phases of their development and growth.
Forward-Looking Statements
This press release contains forward-looking statements. All
statements other than statements of historical fact in this press
release are forward-looking statements, including but not limited
to, the use of proceeds from the Company's offering, the intent,
belief or current expectations of Top KingWin and members of its
management, as well as the assumptions on which such statements are
based. 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. 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.
For more information, please contact:
Investor Relations:
Sherry
Zheng
Weitian Group LLC
Phone: 718-213-7386
Email: shunyu.zheng@weitian-ir.com
Underwriter Inquiries:
Univest Securities, LLC
Edric Guo, Chief Executive
Officer
75 Rockefeller Plaza, Suite 1838
New York, NY 10019
Phone: (212) 343-8888
Email: info@univest.us
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SOURCE Top Kingwin Ltd