Ebang International Holdings Inc. (“EBON”), a leading Bitcoin mining machine producer, announced the initial closing of its best-efforts follow-on offering for the sale of 4 million of the 8 million units offered for sale by the Company, at a purchase price of $5.25 per unit, for aggregate gross proceeds of approximately $21 million. Each unit consists of one Class A ordinary share and one warrant to purchase one-half of one Class A ordinary share of the Company.
Zhongchao Inc. (the “Company”) (Nasdaq: ZCMD), a provider of healthcare information, professional training and educational services to healthcare professionals and the public in China, today announced the closing of the initial public offering (“IPO”) of 3,000,000 Class A ordinary shares, par value $0.0001 per share, at a price of $4.00 per share. The Company’s Class A ordinary shares began trading on the Nasdaq Capital Market on February 24, 2020 under the symbol “ZCMD.”
Happiness Biotech Group Limited (the “Company”), an innovative China-based nutraceutical and dietary supplements producer, announced today the pricing of a U.S. underwritten initial public offering ("Offering") of 2,000,000 ordinary shares at a price to the public of $5.50 per share. The ordinary shares have been approved for listing on the Nasdaq Capital Market and are expected to commence trading on October 25, 2019 under the ticker symbol "HAPP."
Hunter Taubman Fischer & Li has joined AIPAC Venture Tech as a host committee member. AIPAC is a renowned bipartisan organization of U.S. citizens committed solely to strengthening, protecting and promoting the U.S.-Israel relationship.
On July 5th, 2019 the Securities and Exchange Commission published Amendment No. 3 to proposed changes by the Nasdaq Stock Market LLC (“Nasdaq” or the “Exchange”) to its Initial Listing Standards. Nasdaq stated in its proposed rule change that it believes that these amendments are necessary in order to ensure that Nasdaq only lists securities with a sufficient market, with adequate depth and liquidity, and with sufficient investor interest to support an exchange listing. The proposed rules will take effect on an expedited basis prior to the thirtieth day following its publication in the Federal Register.
On June 10, 2019, in response to the proposed bill, “Ensuring Quality Information and Transparency for Abroad-Based Listings on our Exchanges” (“EQUITABLE Act”), Nasdaq released a FAQ (identification number 1696) clarifying listing standards for an applicant’s initial or continued listing based on a company’s financial statements. For more information, please read our previous alert dated June 25, 2019.
New buzzwords and phrases are always circulating in the business world; “Big Data,” “The Cloud,” “Digital Transformation” are prominent among others. However, one has reigned supreme and has been the topic of many boardroom conversations; “The Blockchain.” Unless you are adequately informed, the blockchain can be a confusing concept that the average person may have difficulty understanding. Is blockchain a cryptocurrency? Is there one huge blockchain, like the internet? How is blockchain applicable to my line of work? In this article, we will provide a brief overview of blockchain and some of the concepts associated with it in order to give some clarity