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Stock impact report

LAKESIDE HOLDING LIMITED ANNOUNCES CLOSING OF UPSIZED $6.75 MILLION INITIAL PUBLIC OFFERING

Lakeside Holding Limited (LSH) 
Company Research Source: GlobeNewswire
Itasca, IL, July 01, 2024 (GLOBE NEWSWIRE) -- Lakeside Holding Limited (“Lakeside” or the “Company”) (Nasdaq: LSH), a U.S.-based integrated cross-border supply chain solution provider with a strategic focus on the Asian market, today announced the closing of its previously announced initial public offering (the “Offering”) of 1,500,000 shares of common stock at a public offering price of $4.50 per share for total gross proceeds to the Company of $6.75 million, before deducting underwriting discounts and offering expenses.   The Company has granted a 30-day option to the underwriters to purchase up to 225,000 additional shares of common stock solely to cover over-allotments, if any. The shares began trading on the Nasdaq Capital Market on June 28, 2024, under the ticker symbol “LSH.” Net proceeds from the offering will be used for strengthening our cross-border supply chain capabilities, marketing activities to grow our customer base, strategic inve Show less Read more
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