News

HTFL’s Client EF Hutton, division of Benchmark Investments, LLC, Successfully Closed Guardforce AI Co., Limited’s Underwritten Public Offering and Exercise of Full Over-Allotment Option

May 16, 2023

Guardforce AI Co., Limited (“Guardforce AI” or the “Company”) (NASDAQ: GFAI, GFAIW), is an integrated security provider specializing in secured logistics, AI and Robot-as-a-Service (RaaS).

On May 15, 2023, the Company announced the closing of its underwritten public offering of 2,580,600 ordinary shares, par value $0.12 per share (the "Ordinary Shares") at a public offering price of $4.65 per share (the “Offering”). The underwriters exercised their over-allotment option in full for an additional 387,090 ordinary shares at the time of the closing of the Offering. As a result, the aggregate gross proceeds of the Offering, including the over-allotment, are approximately $13.8 million, prior to deducting underwriting discounts and other offering expenses.

HTFL’s Client U Power Limited Successfully Closed its Initial Public Offering

May 15, 2023

U Power Limited (the “Company”) (NASDAQ: UCAR), a vehicle sourcing services provider with a vision to becoming a comprehensive EV battery power solution provider in China, closed its initial public offering (the “Offering”) of 2,416,667 ordinary shares at a public price of US$6.00 per ordinary share on April 21, 2023. The ordinary shares began trading on the Nasdaq Capital Market on April 20, 2023, under the symbol “UCAR.” The Company received aggregate gross proceeds of US$14.50 million from the Offering, before deducting underwriting discounts and other related expenses.

HTFL’s Client EF Hutton, division of Benchmark Investments, LLC, Successfully Closed Guardforce AI Co., Limited’s Underwritten Public Offering and Exercise of Full Over-Allotment Option

May 08, 2023

Guardforce AI Co., Limited (“Guardforce AI” or the “Company”) (NASDAQ: GFAI, GFAIW), is an integrated security provider specializing in secured logistics, AI and Robot-as-a-Service (RaaS).

On May 5, 2023, the Company announced the closing of its underwritten public offering of 1,720,430 ordinary shares, par value $0.12 per share (the "Ordinary Shares") at a public offering price of $4.65 per share (the “Offering”). The underwriters exercised their over-allotment option in full for an additional 258,064 ordinary shares at the time of the closing of the Offering. As a result, the aggregate gross proceeds of the Offering, including the over-allotment, are approximately $9.2 million, prior to deducting underwriting discounts and other offering expenses.

HTFL’s Client Univest Securities, LLC Successfully Closed GD Culture Group Limited’s Registered Direct Offering and Concurrent Private Placement

May 08, 2023

GD Culture Group Limited (NASDAQ: GDC, the “Company”), is a holding company currently conducting business through Shanghai Highlight Media Co., Ltd, which is an integrated marketing service agency, focusing on serving businesses in China in connection with brand management, image building, public relations, social media management and event planning.

HTFL’s Client Golden Heaven Group Holdings Ltd. Successfully Closed its Initial Public Offering

April 17, 2023


On April 14, 2023, Golden Heaven Group Holdings Ltd. (the “Company”), an amusement park operator in China, successfully closed its initial public offering (the “IPO”) of 1,750,000 ordinary shares at a public offering price of US$4.00 per ordinary share. The Company received aggregate gross proceeds of US$7.00 million from the IPO, before deducting underwriting discounts and other related expenses.

HTFL’s Client Shengfeng Development Limited Successfully Closed its Initial Public Offering

April 05, 2023

On April 4, 2023, Shengfeng Development Limited (the “Company”), a contract logistics company in China providing customers with integrated logistics solution services, successfully closed its initial public offering (the “IPO”) of 2,400,000 Class A ordinary shares at a price to the public of US$4.00 per share. The Company received aggregate gross proceeds of US$9,600,000 from the IPO, 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 360,000 Class A ordinary shares at the public offering price, less underwriting discounts.

HTFL’s Client JIN MEDICAL INTERNATIONAL LTD. Successfully Closed its Initial Public Offering

April 05, 2023

JIN MEDICAL INTERNATIONAL LTD. (the “Company”) (NASDAQ: ZJYL), a Cayman Islands holding company with Chinese operating entities that manufacture and develop wheelchairs and living aids products, on March 30, 2023, announced the closing of its initial public offering (the “Offering”) of 1,000,000 ordinary shares at a public offering price of US$8.00 per ordinary share. The ordinary shares began trading on the Nasdaq Capital Market on March 28, 2023 under the ticker symbol “ZJYL.”

HTFL’s Client Chanson International Holding Successfully Closed its Initial Public Offering

April 05, 2023

On April 3, 2023, Chanson International Holding (the “Company”), a provider of bakery, seasonal, and beverage products through its chain stores in China and the United States, successfully closed its initial public offering (the “IPO”) of 3,390,000 Class A ordinary shares at a price to the public of US$4.00 per share. The Company received aggregate gross proceeds of US$13,560,000 from the IPO, before deducting underwriting discounts and other related expenses.

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