ZJK Industrial Co., Ltd. (the “Company”), a high-tech enterprise
specialized in manufacturing and sale of precision fasteners,
structural parts and other precision metal parts products for new
energy vehicles and intelligent electronic equipment, today
announced the pricing of its initial public offering (the
“Offering”) of 1,250,000 ordinary shares at a price to the public
of US$5.00 per ordinary share. The ordinary shares have been
approved for listing on the Nasdaq Capital Market and are expected
to commence trading on September 30, 2024, under the ticker symbol
“ZJK.”
The Company expects to receive aggregate gross
proceeds of US$6.25 million from the Offering, before deducting
underwriting discounts and other related expenses. In addition, the
Company has granted the underwriters a 30-day option to purchase up
to an additional 187,500 ordinary shares at the initial public
offering price, less underwriting discounts and commissions. The
Offering is expected to close on or about October 1, 2024, subject
to the satisfaction of customary closing conditions.
Net proceeds from the Offering will be used for
(i) expanding the Company’s manufacturing facilities,
(ii) expanding sales network in North America, (iii) potential
acquisitions of, or investment in, businesses in the field of
fasteners, and (iv) general corporate purposes and working
capital, including potential strategic investments and
acquisitions.
The Offering is being conducted on a firm
commitment basis. Cathay Securities, Inc., acting as the
representative of the underwriters, Revere Securities LLC and
Dominari Securities LLC are the underwriters (collectively, the
“Underwriters”) for the Offering. Robinson & Cole LLP is acting
as the U.S. counsel to the Company, and VCL Law LLP is acting as
the U.S. counsel to the Underwriters in connection with the
Offering.
A registration statement on Form F-1 relating to
the Offering was filed with the U.S. Securities and Exchange
Commission (the “SEC”) (File Number: 333-280371), as amended, was
declared effective by the SEC on September 27, 2024. The Offering
is being made only by means of a prospectus, forming a part of the
registration statement. Copies of the prospectus relating to the
Offering may be obtained, when available, from Cathay Securities,
Inc. by email at service@cathaysecurities.com, by standard mail to
Cathay Securities, Inc., 40 Wall Street, Suite 3600, New York, NY
10005, or by telephone at +1 (855) 939-3888; or from Revere
Securities LLC by email at contact@reveresecurities.com, by
standard mail to Revere Securities LLC, 560 Lexington Avenue, 16th
Floor, New York, NY 10022, or by telephone at +1 (212) 688-2350. In
addition, copies of the prospectus relating to the Offering may be
obtained via the SEC's website at www.sec.gov.
Before you invest, you should read the
registration statement and the preliminary prospectus contained
therein and the final prospectus, when available, 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 does not constitute an offer to sell, or the solicitation
of an offer to buy any of the Company’s securities, nor shall such
securities be offered or sold in the United States absent
registration or an applicable exemption from registration, nor
shall there be any offer, solicitation or sale of any of the
Company’s 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 such state or
jurisdiction.
About ZJK Industrial Co.,
Ltd.
ZJK Industrial Co., Ltd. is a high-tech
enterprise specialized in manufacturing and sale of precision
fasteners, structural parts and other precision metal parts
products applied in a variety of industries, including intelligent
electronic equipment, new energy vehicles, aerospace, energy
storage systems and liquid cooling systems used in artificial
intelligence supercomputers. With about twelve-year involvement in
precision metal parts manufacturing industry, the Company has owned
a professional team, a series of highly automated and precise
manufacturing equipment, stable and strong customer group, and
complete quality management systems. It mainly offers standard
screws, precision screws and nuts, high-strength bolts and nuts,
turning and Computer Numerical Control (CNC) machining parts,
Surface Mounting Technology for miniature parts packaging; and
technology service for research and development from professional
engineering team. For more information, please visit the Company's
website at https://ir.zjk-industrial.com/.
Forward-Looking Statements
Certain statements 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
the Company’s current expectations and projections about future
events 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 find many (but not all) of
these statements by the use of words such as “may,” “will,”
“expect,” “anticipate,” “aim,” “estimate,” “intend,” “plan,”
“believe,” “likely to” or other similar expressions in this
announcement and the registration statement. The Company undertakes
no obligation to update or revise publicly any 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 other filings with the
SEC.
For more information, please
contact:
ZJK Industrial Co., Ltd.Phone:
+86-0755-28341175Email: ir@zjk-industrial.com
Ascent Investor Relations
LLCTina XiaoPhone: +1-646-932-7242Email:
investors@ascent-ir.com
ZJK Industrial (NASDAQ:ZJK)
Historical Stock Chart
From Nov 2024 to Dec 2024
ZJK Industrial (NASDAQ:ZJK)
Historical Stock Chart
From Dec 2023 to Dec 2024