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Stock impact report

HUHUTECH International Group Inc. Announces Closing of Initial Public Offering

HUHUTECH International Group Inc. - Ordinary Shares (HUHU) 
Company Research Source: GlobeNewswire
Wuxi, China, Oct. 23, 2024 (GLOBE NEWSWIRE) -- HUHUTECH International Group Inc. (Nasdaq: HUHU) (the “Company” or “HUHUTECH”), a professional provider of factory facility management and monitoring systems, today announced the closing of its initial public offering (the “Offering”) of 1,050,000 ordinary shares (“Ordinary Shares”) at a public offering price of US$4.0 per Ordinary Share. The Ordinary Shares began trading on the Nasdaq Capital Market on October 22, 2024 under the ticker symbol “HUHU.” The Company received aggregate gross proceeds of US$4.2 million from the 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 157,500 Ordinary Shares at the public offering price, less underwriting discounts. Proceeds from the Offering will be used for: (i) the construction of a 5,000 square meter R&D plant, the expansion of the R&D team, the construction of addi Show less Read more
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