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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) announced its initiative to establish a securities investment fund aimed at raising $100 million in the first phase and $200-300 million in the second phase by 2021. The fund, developed by a team from ATIF's Los Angeles subsidiary, will comply with legal and regulatory requirements. CEO Pishan Chi emphasized the fund's potential to generate sustainable income and enhance asset value for investors. Additionally, ATIF plans to acquire licenses for financial services in the U.S. and diversify into IPO underwriting and asset management.
ATIF Holdings Limited (Nasdaq: ATIF) announced a significant milestone with its online financial consulting platform, IPOEX.com, which has successfully built a database of over 62,000 investment institutions since its launch on September 2, 2020. IPOEX offers comprehensive services, including IPO advisory and investor relations. The platform has attracted attention from more than ten domestic organizations focusing on high-growth sectors such as big data and innovative technology. CEO Pishan Chi expressed optimism regarding the future growth potential of IPOEX.
ATIF Holdings Limited (Nasdaq: ATIF) has successfully closed a registered direct offering of 4,347,826 ordinary shares at USD $0.92 per share, raising approximately USD $3.47 million. The funds will be allocated for working capital, expansion, and potential acquisitions. Investors also received unregistered warrants for additional shares at an exercise price of USD $1.10. FT Global Capital served as the exclusive placement agent for the offering, which was conducted under an effective shelf registration with the SEC.
ATIF Holdings Limited (Nasdaq: ATIF) announced a strategic collaboration with Shenzhen Dah Sing Geek Association to enhance its online financial consulting service platform, IPOEX.com. This partnership aims to attract innovative technology companies and provide them with consulting services, including fundraising advisory and IPO-related guidance. CEO Pishan Chi emphasized the potential for assisting local tech firms in accessing global capital markets. This agreement comes as a step towards boosting the development of the geek industry in Shenzhen and beyond.
ATIF Holdings Limited (Nasdaq: ATIF) has entered into definitive agreements to issue and sell 4,347,800 ordinary shares at USD$0.92 per share, raising approximately USD$3.47 million in a registered direct offering. The company will also issue warrants for the same number of shares, exercisable at USD$1.10, with potential adjustments. The proceeds are earmarked for working capital, business expansion, and debt management. The offering closing is expected around November 5, 2020, under a previously filed SEC registration statement.
ATIF Holdings Limited (Nasdaq: ATIF) has signed a $1 million consulting agreement with Qudrant Creation Inc. This brings the total contracts secured in October to $4 million. ATIF will act as a financial advisor for Qudrant Creation’s IPO, focusing on strategy design, financing connections, and public relations. With high demand for exchange listing consulting services among small and medium enterprises, ATIF is well-positioned to capitalize on this opportunity. The company has formed consulting agreements with four local firms this month, indicating strong brand and client trust.
ATIF Holdings Limited (Nasdaq: ATIF) announced a consulting service agreement with Lendmerit Inc. on Oct 23, 2020. This partnership aims to provide business consulting and capital market advisory as Lendmerit seeks to enter the U.S. capital market. In return, Lendmerit will pay ATIF a fixed fee of US$1 million, payable in installments. ATIF's CEO expressed pride in securing multiple service agreements and highlighted Lendmerit's strong position in the financial lending business, supporting its growth strategies for 2021 and beyond.
On October 26, 2020, ATIF Holdings Limited (Nasdaq: ATIF) announced two financial consulting agreements with McSen Realty Corp. and Promise Logistics Corp. The contracts, signed on October 21 and 22, 2020, aim to assist both companies in entering the U.S. capital market. Each firm will pay ATIF $1 million for consulting services, totaling $2 million. CEO Pishan Chi expressed optimism about the agreements, highlighting the potential for enhanced brand awareness and growth opportunities for McSen Realty and Promise Logistics.
ATIF Holdings Limited (Nasdaq: ATIF) announced a strategic collaboration with the Shenzhen Big Data Research and Development Association on October 13, 2020. This partnership aims to enhance IPOEX.com, ATIF's online financial consulting platform, by attracting high-tech enterprises in China. The collaboration will leverage the Shenzhen Big Data Association's extensive government connections and industry expertise to support these firms in equity financing and IPO consulting. The two organizations plan to conduct seminars across China to assist high-growth companies in accessing capital markets.
ATIF Holdings Limited announced its intention to acquire a 51% equity interest in Xi’an Green Fun Technology Co., Ltd. on October 11, 2020. This acquisition aims to enhance ATIF's portfolio in the growing niche of illuminated air purification technology, particularly after the heightened demand due to the COVID-19 pandemic. The acquisition is contingent upon a definitive agreement and necessary approvals. Green Fun is recognized for its innovative air purifiers and has secured numerous patents, making it a key player in the air purification sector in China.
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