ARMLOGI, consulted by ATIF, successfully listed on Nasdaq

Rhea-AI Summary

Armlogi Holding Corp., consulted by ATIF Holdings (NASDAQ: ATIF), has successfully listed on the Nasdaq Exchange as of May 14, 2024. The company offered 1,600,000 shares at $5.00 per share, aiming to raise $8,000,000.

Armlogi, based in California, specializes in warehousing and logistics services, providing supply chain solutions related to warehousing management and order fulfillment. The initial public offering (IPO) is expected to close around May 15, 2024.

Jun Liu, President and CEO of ATIF, expressed enthusiasm for Armlogi's Nasdaq listing, highlighting it as a milestone for the company's growth and innovation.

Positive

• Armlogi successfully listed on Nasdaq, enhancing its market visibility.
• Company raised $8,000,000 through its IPO.
• Offering of 1,600,000 shares at $5.00 per share indicates strong investor interest.
• ATIF's involvement as a consultant could add value and expertise to Armlogi.

Negative

• Potential shareholder dilution due to issuing new shares.
• Dependence on ATIF's consultancy might suggest a lack of internal strategic expertise.

Financial Analyst

The listing of Armlogi Holding Corp. on Nasdaq represents a significant milestone for the company and its investors. By raising $8,000,000 through the initial public offering (IPO) of 1,600,000 shares at $5.00 per share, Armlogi gains substantial capital to fuel its operations and growth initiatives. IPOs often signal to investors that a company is in a strong financial position and confident about its future. This influx of capital can be utilized for various strategic purposes including expanding warehousing facilities, investing in technology for better supply chain management and potentially exploring new markets.

From a retail investor's perspective, it's important to understand the implications of this development. While the IPO provides Armlogi with a significant cash injection, the company's future growth and profitability will depend on how effectively it deploys these funds. Investors should keep an eye on Armlogi's quarterly financial results post-IPO to gauge the company's performance and growth trajectory. Furthermore, the warehousing and logistics sector is highly competitive, so Armlogi's ability to innovate and differentiate itself will be important for sustained success.

Market Research Analyst

Armlogi Holding Corp.'s entry into the public market comes at a time when the logistics and warehousing industry is experiencing significant transformation. The sector has seen increased demand driven by the rise of e-commerce, which necessitates efficient warehousing and order fulfillment services. For investors, this means Armlogi is operating in a growth industry with robust opportunities.

However, competition is stiff with established players and new entrants continuously evolving. Armlogi must leverage the new capital to enhance its technological capabilities and improve operational efficiencies. Investors should look for signs of investment in automation and advanced warehouse management systems, which can provide a competitive edge. Additionally, strategic partnerships and geographic expansion can bolster Armlogi’s market presence.

Monitoring industry trends and Armlogi's response to these trends will provide a clearer picture of its potential for long-term growth and stability.

IRVINE, Calif., May 14, 2024 /PRNewswire/ -- Armlogi Holding Corp. ("Armlogi"), consulted by ATIF Holdings Limited (NASDAQ: ATIF, "ATIF") (NASDAQ: BTOC), having its initial public offering on the Nasdaq Exchange. Armlogi is offering of 1,600,000 shares at the open offer price of $5.00 per share to the public, and is about to raise $8,000,000.

Armlogi Holding Corp.is a California-based warehousing and logistics services provider that provides supply chain solutions related to warehousing management and order fulfillment. Armlogi is officially began trading on the NASDAQ today with an initial public offering of 1,600,000 shares of common stock, which is expected to close on or about May 15, 2024.

Jun Liu, President, Chairman of the Board and Chief Executive Officer of ATIF, said, "I am excited to participate in Armlogi's Nasdaq listing. As Armlogi's consultant, I look forward to seeing Armlogi gain additional resources and opportunities to drive growth and innovation after its listing on Nasdaq. "The listing is not only a recognition of Armlogi's past achievements, but also a new starting point for Armlogi's future growth."

About Armlogi Holdings, Inc

Armlogi Holding Corp., headquartered in California, is a rapidly growing U.S. provider of warehousing and logistics services that provides supply chain solutions related to warehouse management and order fulfillment. The company provides services to cross-border e-commerce merchants who want to establish overseas warehouses in the US market. With 10 warehouses covering approximately 1,800,000 square feet, the company offers comprehensive one-stop warehousing and logistics services. The company's warehouses are equipped with facilities and technology for handling and storing large and bulky items.

About ATIF

ATIF Holdings Limited (NASDAQ: ATIF) is a Lake Forest-based business consulting company that specializes in providing professional IPO, M&A advisory and post-IPO compliance services to small and medium-sized companies seeking to go public on a stock exchange in the United States. The company has a proven track record in successfully delivering comprehensive U.S. IPO consulting services to clients primarily in the United States but also internationally. The mission of ATIF is to provide one-stop, comprehensive consulting services that guide clients through the complex and often challenging process of going public. ATIF recognizes the complexity and challenges associated with the process of going public, and endeavors to simplify it while ensuring optimal outcomes for its clients through its comprehensive consulting services. ATIF has been awarded the "Golden Bauhinia Award", the highest award in the financial and securities industry in Hong Kong, for "Top 10 Best Listed Companies".

Forward-Looking Statements

Certain statements in this press release are "forward-looking statements" within the meaning of the "safe Harbor" provisions of the United States Private Securities Litigation Reform Act of 1995. When used in this press release, "estimated," "projected," Words such as "expect", "anticipate", "predict", "plan", "intend", "believe", "seek", "may", "will", "should", "future", "propose" and variations of these words or similar expressions (or the opposite of such words or expressions) are intended to identify forward-looking statements. These forward-looking statements do not guarantee future performance, conditions or results and involve a number of known and unknown risks, uncertainties, assumptions and other important factors, many of which are outside the Company's control and may cause actual results or achievements to differ materially from those discussed in the forward-looking statements. Important factors include future financial and operating results, including revenues, income, expenses, cash balances and other financial items; Ability to manage growth and expansion; Current and future economic and political conditions; The ability to compete in industries with low barriers to entry; The ability to obtain additional financing to fund capital expenditure in the future. Ability to attract new customers and further enhance brand awareness; Ability to hire and retain qualified management and key staff; Trends and competition in the financial advisory services industry; Pandemic or epidemic disease; Except as required by law, the Company undertakes no obligation to update forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, the Company cannot assure you that such expectations will turn out to be correct, and the Company cautions you that actual results may differ materially from the expected results expressed or implied by the forward-looking statements we make. You should not interpret forward-looking statements as predictions of future events. Forward-looking statements represent only the beliefs and assumptions of our management as of the date such statements are made. The above forward-looking statements are made as of the date of this press release.

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SOURCE ATIF Holdings Limited

FAQ

What is the stock symbol for ATIF Holdings?

The stock symbol for ATIF Holdings is NASDAQ: ATIF.

When did Armlogi start trading on Nasdaq?

Armlogi started trading on Nasdaq on May 14, 2024.

How many shares did Armlogi offer in its IPO?

Armlogi offered 1,600,000 shares in its IPO.

What was the price per share for Armlogi's IPO?

The price per share for Armlogi's IPO was $5.00.

How much capital did Armlogi aim to raise through its IPO?

Armlogi aimed to raise $8,000,000 through its IPO.

What services does Armlogi provide?

Armlogi provides warehousing and logistics services, including supply chain solutions related to warehousing management and order fulfillment.

What is the expected closing date for Armlogi's IPO?

The expected closing date for Armlogi's IPO is around May 15, 2024.