Armlogi Holding Corp. (Nasdaq: BTOC) 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.