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ATIF Holdings Limited (NASDAQ: ATIF) is a prominent business consulting firm headquartered in Lake Forest, California. The company operates primarily as a holding entity, providing a wide range of financial planning and investment advisory services to small and medium-sized enterprises (SMEs) in the United States and internationally. ATIF's core business revolves around delivering comprehensive consulting services, including asset allocation, financial management, capital restructuring, and training services, aimed at facilitating the growth and financial health of its clients.
ATIF Holdings has carved a niche in the financial consulting industry by specializing in pre-IPO and post-IPO advisory services. The company is dedicated to guiding SMEs through the intricate process of going public, ensuring streamlined operations, compliance, and optimal results. ATIF's consulting services portfolio is diversified, encompassing equity design, valuation analysis, and investor relations, among other strategic business solutions.
Recent achievements of ATIF Holdings highlight its commitment to excellence and client success. The company’s subsidiary, ATIF Business Management LLC, has recently entered into service agreements with notable entities such as Genehope Holdings and Rawrr, Inc. These partnerships underscore ATIF's proficiency in understanding and addressing the strategic needs of its clients, fostering high-quality development through capital market engagement.
ATIF's financial condition remains robust, with the company generating the majority of its revenue from the United States. The firm's strategic initiatives and service agreements have significantly bolstered its market position, enabling it to attract a diverse clientele and expand its service offerings. ATIF has been recognized with the
ATIF Holdings Limited (Nasdaq: ATIF) has announced its IPO advisory service for Solarever Ltd., a leading renewable energy company in Mexico, in which ATIF holds a 5.25% stake. At the Intersolar Mexico 2022 event, Solarever launched its electric vehicle brand, SEV, and showcased its energy storage product, Solarever ESS. SEV is the only local brand in Mexico with electric vehicle safety certification. The demand for Solarever's photovoltaic modules in North America is surging due to the IRA Act, prompting plans for capacity expansion.
ATIF Holdings Limited (Nasdaq: ATIF) announced that its client, Addentax Group Corp. (Nasdaq: ATXG), successfully uplisted to the Nasdaq Capital Market on August 31, 2022. Addentax, focusing on garment manufacturing and logistics, raised approximately $25 million through an underwritten public offering of 5 million shares priced at $5 each. On its debut, Addentax opened at $27.00 and closed at $656.54, marking a significant 13,031% increase and a market cap of $20.8 billion. ATIF played a crucial advisory role since Addentax's OTC listing in 2016. Jun Liu, ATIF's CEO, expressed optimism for Addentax's future performance.
ATIF Holdings Limited (Nasdaq: ATIF) applauds a new agreement between the Public Company Accounting Oversight Board (PCAOB) and Chinese authorities, which enhances audit cooperation for Chinese companies listed on U.S. exchanges. This development could boost investor confidence and facilitate more Chinese companies exploring U.S. public listings, addressing a long-standing issue for over a decade. ATIF's IPO Advisory Services, actively working with various enterprises, is poised to benefit from this improved regulatory landscape.
ATIF Holdings Limited (Nasdaq: ATIF) announced a definitive agreement to provide IPO advisory services worth US$800,000 to Massimo Motor Sports, LLC, a manufacturer of ATVs and UTVs based in Texas. Massimo reported US$81.2 million in revenues for fiscal year 2021, a 63.2% increase from 2020, although its net income fell to US$5.4 million. ATIF aims to facilitate Massimo's goal of going public, enhancing its growth potential in a competitive market.
ATIF Holdings Limited (Nasdaq: ATIF) reports strong growth from its investment in Armstrong Logistic Inc. (Armlogi), a freight forwarding and logistics firm. ATIF holds a 12.0% equity stake in Armlogi, whose revenues for Q1 2022 exceeded 50% of total 2021 revenues, with expectations of a three to four times increase for the full year. Armlogi's flexible operational strategies amid inflation pressures have led to robust performance. The growing 3PL market, projected to reach $2,275.6 billion by 2030, further underscores the positive outlook for ATIF and Armlogi.
ATIF Holdings Limited (Nasdaq: ATIF) announced strong growth in electric vehicle orders from its client Solarever Ltd., a Mexican solar and EV company, amid rising gasoline prices. ATIF holds a 5.25% equity stake in Solarever, which has reported brisk sales for its EV, the SEV e-Wan, priced from $14,500. This interest is driven by consumer demand for alternatives to high gas prices, currently averaging $4.07/gallon in the U.S. and over $5.00 in California. The company's CEO expressed optimism about Solarever's potential and ongoing IPO process, indicating strong returns for ATIF shareholders.
ATIF Holdings Limited (Nasdaq: ATIF) announced a surge in business sales for its client, Solarever Ltd., a Mexican solar energy company, following recent global oil price spikes. ATIF holds a 5.25% equity stake in Solarever, which has emerged as a leader in solar product manufacturing in Mexico. Rising oil prices have increased demand for renewable energy, benefiting Solarever's sales. The company also launched its first electric vehicle in 2022, enhancing its growth potential in clean energy.
ATIF Holdings Limited (Nasdaq: ATIF) held its 2022 Annual General Meeting on July 25, 2022, in Lake Forest, CA. Key outcomes included the election of five directors to the Board, ensuring continued leadership stability. Additionally, shareholders ratified the appointment of ZH CPA, LLC as the Company's independent registered public accounting firm for the fiscal year ending July 31, 2022. ATIF primarily offers business consulting and IPO advisory services in Asia and North America, enhancing its reputation in the financial industry.
ATIF Holdings Limited (Nasdaq: ATIF) announced an investment in Phoenix Motor Inc. (Nasdaq: PEV), expanding its portfolio in emerging technologies. Phoenix Motor specializes in electric drive systems and vehicles, having delivered 104 EVs by December 31, 2021. With a new third-generation drivetrain offering up to 160 miles of range, the company is positioned for growth in the EV sector. ATIF's CEO expressed confidence in Phoenix's future prospects and the added value for shareholders through this strategic partnership.
ATIF Holdings Limited (Nasdaq: ATIF) announced a definitive agreement to provide IPO advisory services to Armstrong Logistic Inc., a specialized logistics provider. ATIF will receive equity in Armstrong and lead the IPO process through its staff and third-party engagements. Armstrong has shown significant growth, achieving a 956.5% increase in revenue from FY 2020 to FY 2021. The global 3PL market is projected to grow significantly, reaching $2,275.6 billion by 2030, which will support Armstrong's growth. This partnership aims to strengthen Armstrong's market position and expand its operations.
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