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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 receipt of a notice from Nasdaq regarding non-compliance with the minimum bid price requirement of $1.00 per share, effective December 16, 2020. The company has a 180-day compliance period until June 14, 2021, to regain compliance by maintaining a minimum bid price. Additionally, ATIF has not filed its Annual Report for the year ended July 31, 2020, resulting in another compliance notification with a deadline to submit a plan by February 16, 2021. The company is focused on resolving these issues to maintain its Nasdaq listing.
ATIF Holdings Limited (Nasdaq: ATIF) announced that its subsidiary, Leaping Group Co., Ltd. (LGC), is poised for revenue growth from box office and pre-movie advertising due to major upcoming movie seasons. China's film industry is recovering robustly, with October 2020 box office sales reaching RMB3.96 billion, nearly 90% of last year's record. The 2021 Chinese Spring Festival is expected to exceed RMB10 billion from box office revenue. LGC is prepared for increased advertising opportunities during this peak period.
ATIF Holdings Limited (Nasdaq: ATIF) has signed a Strategic Cooperation Agreement with Shenzhen Huiju Innovation Park to target technology-based enterprises for financial consulting and overseas listing advisory services. Huiju Innovation Park will facilitate financial forums and activities to connect resident companies with ATIF. This partnership aims to assist emerging companies in Shenzhen in obtaining overseas financing and listings, aligning with the Park's mission to support quality companies in growth.
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.
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