July 07, 2021
Greenland Technologies Holding Corporation (the “Company”), a technology developer and manufacturer of electric industrial vehicles and drivetrain systems for material handling machineries and vehicles, closed its underwritten public offering (“Offering”) of 857,844 ordinary shares, no par value per share, at a public offering price of US$8.16 per ordinary share on June 30, 2021. The Company received aggregate gross proceeds of US$7 million from this Offering, before deducting underwriting discounts and other related expenses. The Company intends to use the net proceeds from this Offering for working capital and general corporate purposes.
Hunter Taubman Fischer & Li LLC (“HTFL”) acted as counsel to the Company. HTFL is a boutique law firm specializing in corporate, commercial and securities transactions, cross-border financing, immigration and taxation. Our team of lawyers works together so our clients can benefit from astute business experience and sophisticated legal solutions.