Welcome to our dedicated page for Atif Holdings news (Ticker: ATIF), a resource for investors and traders seeking the latest updates and insights on Atif Holdings stock.
ATIF Holdings Limited (NASDAQ: ATIF) provides investors and business professionals with essential updates through this centralized news resource. Track verified press releases and corporate announcements covering the consulting firm's IPO advisory services, M&A activity, and post-listing compliance support for SMEs.
This page aggregates critical developments including financial results, leadership changes, and strategic partnerships. Users gain immediate access to operational updates about ATIF's cross-border consulting work and regulatory compliance guidance. Content is curated to support informed decision-making without promotional bias.
Key updates include:
• IPO process milestones
• Mergers & acquisitions consulting
• Financial compliance developments
• Corporate restructuring initiatives
Bookmark this page for streamlined access to ATIF's latest business developments. Check regularly for authoritative updates from primary sources, maintained as a neutral reference for market participants.
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.
ATIF Holdings Limited (Nasdaq: ATIF) announced the successful filing of its private fund, ATIF-1, L.P., with the SEC on January 27, 2021. This fund aims to raise US$50 million and will adopt a long/short trading strategy focused on U.S. and Chinese stocks, including IPOs. CEO Pishan Chi expressed confidence in the growth prospects for ATIF Inc. in 2021, marking the launch of their asset management division aimed at enhancing client relationships amidst volatile markets.
ATIF Holdings Limited (Nasdaq: ATIF) announced it has regained compliance with the Nasdaq minimum bid price requirement of $1.00 per share. Nasdaq confirmed that the closing bid price for ATIF shares was at least $1.00 for 10 consecutive business days from January 12 to January 26, 2021. This compliance resolves the previous deficiency under Listing Rule 5550(a)(2).
ATIF Holdings is focused on providing business consulting services and online financial information, primarily for small and medium-sized enterprises in Asia and North America.
ATIF Holdings Limited (Nasdaq: ATIF) announced the sale of its shares in Leaping Group Co., Ltd. due to difficulties arising from COVID-19, which have hindered recovery in the cinema industry. The sale involves 10,217,230 shares for 5,555,548 ordinary shares of ATIF and a cash payment of $2.3 million, with a 10% interest rate on unpaid amounts. Following the transaction, Leaping will no longer be a subsidiary of ATIF as the company transitions to focus on asset management, investment holding, and media services.
ATIF Holdings Limited (Nasdaq: ATIF) announced that its client, Qilian International Holding Group Limited, had a successful IPO debut on January 12, 2021. Qilian's stock opened at US$5.00, peaked at US$22, and closed at US$10, reflecting a 100% increase from its offering price. The IPO was priced at US$5.00 per share for 5 million shares, yielding expected gross proceeds of US$25 million. Qilian's market capitalization reached US$350 million. The company specializes in pharmaceutical and chemical products in China.
ATIF Holdings Limited announced that its client, Qilian International Holding Group Limited, has officially launched its ordinary shares on the Nasdaq Global Market as of January 12, 2021. Qilian's initial public offering (IPO) priced 5,000,000 shares at $5.00 each, aiming for gross proceeds of $25 million. Additionally, underwriters have a 45-day option to purchase another 750,000 shares. Qilian operates in pharmaceutical and chemical production in China and has a broad market presence across various provinces.
ATIF Holdings Limited (Nasdaq: ATIF) has announced plans to launch its asset management business in Q1 2021, focusing on equity investments and advisory services in the U.S. stock market. Following its relocation to California, ATIF aims for high returns through a short-term trading strategy involving U.S. Chinese-listed ADRs and large-cap stocks. The asset management team reported a cumulative return of 64.77% for the first 11 months of 2020. ATIF is currently applying for asset management qualification with FINRA, expecting to establish a private fund of up to $150 million in the near future.
