December 08, 2020

On December 2, 2020, the U.S. House of Representatives unanimously passed the bill entitled “Holding Foreign Companies Accountable Act” (the “Act”), the full text of which is available at, which had been passed by the U.S. Senate on May 21, 2020 and is now headed to the President for signature. If the Act is signed by the President, as anticipated, it will become law as an amendment to the Sarbanes-Oxley Act of 2002. The Act addresses the issue that the Public Company Accounting Oversight Board (the “PCAOB”) has been unable to inspect audit firms in certain “non-cooperating jurisdiction[s].” The sponsors of the Act have stated that the Act would focus on protecting American investors and their retirement savings from foreign companies that have been operating on U.S. stock exchanges while flouting Securities and Exchange Commission (the “SEC”) oversight.


HTFL's client Univest Securities, LLC closes $21M Follow-On Offering for Ebang International Holdings Inc.

November 24, 2020

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.


Guidelines for Public Companies during the Federal Government Shutdown

January 13, 2019

In light of the federal government shutdown commencing on December 22, 2018, the U.S. Securities and Exchange Commission (“SEC”) remains leanly staffed. This has caused delay in staff’s review of registration statements and other filings, and the SEC will not be able to declare any registration statements effective during the shutdown. Nevertheless, regardless of the SEC’s operational status, EDGAR will still accept filings.


First Nasdaq IPO of 2019: Boustead Client China SXT Pharma Up 43% in SXTC’s Debut After USD$10.2 Million Funding

January 09, 2019

HTFL’s Client China SXT Pharmaceuticals, Inc. (the "Company") (NASDAQ: SXTC), a specialty pharmaceutical company focusing on the research, development, manufacture, marketing and sales of Traditional Chinese Medicine Pieces ("TCMPs"), announced the final closing of its initial public offering on January 3, 2019. Together with the first closing on December 31, 2018, the Company raised approximately $10.2 million in gross proceeds, before deducting underwriting discounts, commissions and other offering expenses, by issuing 2,546,275 ordinary shares at a public offering price of $4.00 per share. 


HTFL Advised China Sunlong Environmental Technology, Inc. in its Business Combination with SPAC and Listing on Nasdaq

February 28, 2018

China Sunlong Environmental Technology, Inc. (“Sunlong”) has recently successfully consummated a business combination with JM Global Holding Company (“JM Global”), a Special Purpose Acquisition Company (SPAC). The post-merger Company changed its name to TMSR Holding Company Limited, and continues to be listed on Nasdaq. TSMR’s wholly owned subsidiaries include Hubei Shengrong Environmental Protection Energy-Saving Science and Technology Co. Ltd. and Tianjin Commodity Exchange Co., Ltd. 


Hunter Taubman Fischer & Li LLC Represents Dragon Victory International Limited for its Initial Public Offering and Listing on NASDAQ Capital Market

October 19, 2017

HANGZHOU, China, October 19, 2017 – Dragon Victory International Limited, a company that offers reward-based crowdfunding opportunities and quality incubation services to entrepreneurs in China, announced the closing of its initial public offering (the “IPO”) on September 15, 2017, of 1,421,394 ordinary shares at $6.00 per share, raising a total of $8,528,363 in gross proceeds before expenses, underwriting discount and commissions. The Company also announced today that its ordinary shares will commence trading on The NASAQ Capital Market on October 20, 2017, under the ticker symbol “LYL.”  Boustead Securities, LLC, acted as the lead underwriter for the IPO, and Network 1 Financial Securities, Inc. acted as the co-underwriter.

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