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Stock impact report

HUHUTECH International Group Inc. Announces Partial Exercise of Over-Allotment Option

HUHUTECH International Group Inc. - Ordinary Shares (HUHU) 
Company Research Source: GlobeNewswire
Wuxi, China, Nov. 21, 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 that the underwriters of its initial public offering (the "Offering") have partially exercised their over-allotment option to purchase an additional 123,413 ordinary shares at the public offering price of US$4.00 per share, resulting in additional gross proceeds of $493,652. After giving effect to the partial exercise of the over-allotment option, the total number of ordinary shares sold by the Company in the public offering increased to 1,173,413 ordinary shares and the gross proceeds increased to approximately US$4.69 million, before deducting underwriter discounts and other related expenses. The option closing date was November 21, 2024. The ordinary shares began trading on The Nasdaq Capital Market on October 22, 2024 under the ticker symbol “HUHU.” Proceeds f Show less Read more
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