Armlogi Holding Corp. - BTOC STOCK NEWS

Armlogi Holding Corp. (NASDAQ: BTOC) announced a leadership transition, appointing Sheng-Kai (Scott) Hsu as Chief Financial Officer effective January 13, 2025. Hsu succeeds Zhiliang (Ian) Zhou, who will remain with the company in an advisory role.

Hsu, who joined Armlogi as accounting lead in July 2024, brings financial management expertise from his previous roles at PARPRO Technologies, Absen Inc., and BENQ Latin America Corp. He is a CPA and CMA with a Master's in Finance from Johns Hopkins University.

Zhou, who served as CFO since August 2023, led Armlogi through its IPO in 2024 and secured significant financings, including $21 million in convertible promissory notes and a $50 million standby equity purchase agreement.

Armlogi Holding Corp. (Nasdaq: BTOC) announced the sublease of a 500,000-square-foot e-commerce facility in Edwardsville, Illinois, part of the St. Louis Metro Area. The facility, located in Gateway Commerce Center, features 39-foot clear heights, 100% climate control capability, and extensive infrastructure including 79 dock positions and two drive-in doors.

The strategic location provides immediate access to major interstates and is situated within 16 miles of UPS and FedEx Ground hubs, and 9-24 miles from major railway intermodal facilities. The facility includes modern logistics capabilities such as ESFR fire suppression, LED lighting, and 40 charging stations. The location enables access to 70% of the U.S. population within a two-day drive and benefits from a strong local labor market specialized in transportation and warehouse operations.

Armlogi Holding Corp (Nasdaq: BTOC) has closed on a $5 million second tranche of a Pre-Paid Advance under its Standby Equity Purchase Agreement (SEPA) with YA II PN, , managed by Yorkville Advisors Global. This follows a previous $5 million tranche, as part of a total $21 million Pre-Paid Advance to be received in three tranches. The SEPA, announced on November 25, 2024, allows Armlogi to require YA to purchase up to $50 million of common stock until December 1, 2026, subject to certain conditions. The funding will support the company's growth initiatives in warehousing and logistics services.

Armlogi Holding Corp (Nasdaq: BTOC) has secured significant financing through two arrangements: a Standby Equity Purchase Agreement (SEPA) worth up to $50 million with YA II PN, , and convertible promissory notes totaling $21 million. The SEPA allows the company to sell common stock to YA over a two-year period, with an initial pre-paid advance of $5 million already received. The funding will be used for working capital, general corporate purposes, and repayment of pre-paid advances. The agreement includes provisions for YA to purchase shares through advance notices, subject to certain conditions including SEC registration of the common stock.

Armlogi reported Q1 FY2024 financial results with total revenue increasing 3.0% to $42.5 million. The transportation services segment decreased 4.2% to $28.5 million, while warehousing services grew 23.8% to $14.0 million. However, costs of sales increased 28.0% to $46.1 million, leading to a negative gross margin of -8.5%. The company reported a net loss of $4.6 million compared to a net income of $2.8 million in the prior year. Key operational highlights include becoming a Temu authorized warehouse provider, partnering with Massimo Group, leasing a new 60,000 sq. ft. warehouse, expanding trucking operations, and implementing sustainable practices through the LCFS program.

Armlogi (Nasdaq: BTOC) has announced the lease of a new 480,000 square foot warehouse facility in Ontario, California. The strategically located facility is positioned in the I-15 Freeway corridor between I-10 and 60 Freeways. The warehouse features 5,000 square feet of office space, 24-foot height clearance, 46 dock high-loading doors, 38 mechanical pit levelers, and five grade-level doors. The facility is equipped with an 800 Amp power supply and includes an all-concrete loading area. CEO Aidy Chou states this expansion enhances their operational capabilities in a key logistics hub, supporting their commitment to delivering quality logistics solutions.

Armlogi Holding Corp (NASDAQ: BTOC), a U.S.-based warehousing and logistics service provider, announces its participation in the LD Micro Main Event XVII Conference. The event will be held at the Luxe Sunset Blvd Hotel in Los Angeles from October 28-30, 2024. Chief Financial Officer Ian Zhou will present on Tuesday, October 29, 2024, from 2:30 - 2:55 pm PT in Track 2.

The conference will feature approximately 150 public and private companies across various sectors. Management will be available for one-on-one meetings with the investment community, which can be scheduled through LD Micro representatives or Strategic Investor Relations.

Armlogi Holding Corp. (Nasdaq: BTOC), a U.S.-based warehousing and logistics service provider, has announced significant enhancements to its Warehouse Management System (WMS) through the integration of artificial intelligence (AI). The upgraded system aims to:

• Streamline operations
• Optimize inventory management
• Enhance overall efficiency across global warehousing operations

Key benefits of the AI-integrated WMS include:

• Reduced learning curve for new users
• Minimized operational errors
• Enhanced productivity
• Predicted future inventory requirements
• Optimized warehouse layouts and picking routes

Aidy Chou, CEO of Armlogi, believes this upgrade will lead to more accurate anticipation of client needs, proactive inventory management, and improved service delivery.

Armlogi Holding Corp. (Nasdaq: BTOC), a U.S.-based warehousing and logistics service provider, has announced significant progress in its collaboration with Temu, an e-commerce platform. The company has upgraded its API to version 3.5 and fully integrated it with its Warehouse Management System (WMS), enabling seamless service accessibility for all Temu customers.

Key highlights include:

• Over 155 Temu customers now use Armlogi's services daily
• Hundreds of new service requests are processed each day
• Armlogi is handling and shipping over 3,000 Temu orders daily

Aidy Chou, Chairman and CEO of Armlogi, stated that this growth demonstrates the company's capability to handle large volumes of e-commerce orders and adapt to evolving market needs.