July 13, 2021
Sentage Holdings Inc. (the “Company”), a China-based financial service provider, successfully closed its initial public offering (“Offering”) of 4,000,000 ordinary shares at a public offering price of US$5.00 per share on July 13, 2021. The Company received aggregate gross proceeds of US$20 million from this Offering, before deducting underwriting discounts and other related expenses. In addition, the Company has granted the underwriters a 45-day option to purchase up to an additional 600,000 ordinary shares at the public offering price.
The ordinary shares commenced trading on the Nasdaq Capital Market on July 9, 2021 under the ticker symbol “SNTG.”
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 lawyers work together so our clients can benefit from astute business experience and sophisticated legal solutions.