Li Bang International Corporation Inc. Announces Underwriters’ Full Exercise of Over-Allotment Option
Li Bang International Corporation Inc. - Ordinary Shares (LBGJ)
Company Research
Source: GlobeNewswire
Jiangyin, China, Nov. 14, 2024 (GLOBE NEWSWIRE) -- Li Bang International Corporation Inc. (Nasdaq: LBGJ) (the “Company” or “Li Bang”), a company engaged in designing, developing, producing, and selling stainless steel commercial kitchen equipment in China, today announced the underwriters of its initial public offering (the "Offering") have exercised their over-allotment option in full to purchase an additional 228,000 ordinary shares at the public offering price of US$4.00 per share, resulting in additional gross proceeds of $912,000. After giving effect to the full exercise of the over-allotment option, the total number of ordinary shares sold by the Company in the public offering increased to 1,748,000 ordinary shares and the gross proceeds increased to approximately US$6.992 million, before deducting underwriter discounts and other related expenses. The option closing date was November 14, 2024. The ordinary shares began trading on the Nasdaq Capital Market on October 23, 2024,
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