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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) received a notice from Nasdaq indicating non-compliance with the minimum bid price requirement of $1.00 per share, as the closing bid price averaged below this threshold from June 11 to July 23, 2021. The company has until January 24, 2022, to regain compliance, needing its securities priced above $1.00 for ten consecutive business days. The notice does not imply immediate delisting. ATIF plans to monitor its share price and evaluate options to comply within the provided period.
ATIF Holdings Limited (Nasdaq: ATIF) announced a US$1 million subscription to its newly launched ATIF-1 Hedge Fund from Chairman Jun Liu, reflecting confidence in the fund's management and investment potential. The company, headquartered in Los Angeles, focuses on providing business and financial consulting, particularly IPO Advisory Services for small and medium-sized enterprises in Asia and North America. The fund aims to deliver significant returns for investors.
ATIF Holdings Limited (Nasdaq: ATIF) announced significant leadership changes aimed at boosting shareholder value. Jun Liu, President and Chairman, has formed a new asset management team and appointed Ian Zhou as CEO of ATIF-1. The company successfully achieved satisfactory investment returns in 2020 and plans to launch its asset management business in Q2 2021, with JP Morgan as the prime broker. ATIF has a strong background in advising companies on U.S. public listings and aims to leverage favorable market conditions to enhance its investment strategies.
ATIF Holdings Limited (Nasdaq: ATIF) has commenced research on blockchain technology in China's financial sector to enhance its Fintech capabilities. The company aims to leverage the rapid growth in blockchain, with over 8,000 new firms established in early 2020. CEO Pishan Chi highlighted the potential of blockchain to reduce costs and improve financing solutions for companies. ATIF plans to launch its own securities investment services and investment advisory by Q2 2021, supporting its strategic expansion in Asia and North America.
ATIF Holdings Limited (Nasdaq: ATIF) announced the cancellation of 5,555,548 ordinary shares, reducing outstanding shares from 51,362,500 to 45,806,952. This action, approved on March 1, 2021, was part of a strategic initiative to enhance shareholder value following the exit from the Leaping Group Co., Ltd. business, which is expected to take time to recover. CEO Pishan Chi emphasized the company's adaptability and confidence in executing its business plans, including launching its asset management segment to boost shareholder returns.
ATIF Holdings Limited has announced a change in auditor from Friedman LLP to ZH CPA, LLC for the fiscal year ending July 31, 2021, effective March 3, 2021. This decision was approved by the Audit Committee and Board of Directors. The company reports no disagreements with the former auditors regarding accounting practices or financial disclosures. Established in Los Angeles, ATIF provides business and financial consulting services in Asia and North America, focusing on small and medium-sized enterprises.
ATIF Holdings Limited (Nasdaq: ATIF) announced its 2021 business development plan focusing on asset management, SPAC consulting, and investment holding. The Group aims to leverage its 'liquidity + volatility' trading strategy, achieving a 54.02% gross return in 2020, exceeding the S&P 500's 16.3%. ATIF plans to launch a $50 million private fund mid-2021 and has established a SPAC department to target various industries. SPAC consulting services will assist firms in becoming acquisition targets. CEO Pishan Chi emphasizes the Group's commitment to navigating the pandemic's challenges for sustained shareholder returns.
ATIF Holdings Limited (Nasdaq: ATIF) has launched a Special Purpose Acquisition Company (SPAC) Department to create a SPAC aimed at acquiring high-growth companies. The SPAC will raise funds through an initial public offering (IPO) and aims to expedite the process for target companies to go public. In 2020, SPACs accounted for significant growth in the IPO market with $83.4 billion raised, highlighting the trend's potential. ATIF leverages its IPO advisory experience to offer resources for identifying innovative firms, particularly in Asia and North America.
ATIF Holdings Limited (Nasdaq: ATIF) released a letter to shareholders outlining key developments and challenges stemming from the COVID-19 pandemic. Notable achievements include $7.8 million in consulting agreements, the successful Nasdaq listing of client Qilian International, and the launch of IPOEX.com, a financial consulting platform. In January 2021, ATIF relocated its headquarters to Los Angeles and adopted a new business model focusing on asset management. The company also disposed of its shares in Leaping Group Co., Ltd due to poor performance, aiming to enhance financial results and shareholder value.
ATIF Holdings Limited (Nasdaq: ATIF) announced the completion of the sale of its subsidiary, Leaping Group Co., Ltd, to Jiang Bo, Jiang Tao, and Wang Di. Under the terms of the Sale and Purchase Agreement, ATIF received 5,555,548 ordinary shares and $2,300,000, with an interest rate of 10% on unpaid amounts. The agreement was finalized on January 29, 2021, and Leaping is no longer a subsidiary of ATIF. The company focuses on providing consulting services in Asia and North America and operates an online financial information platform, IPOEX.com.
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