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ATIF Holdings (NASDAQ: ZBAI) has announced the closing of its previously announced $2.5 million registered direct offering and concurrent private placement with an institutional investor. The transaction, completed on February 5, 2025, included:
- Sale of 1,580,000 ordinary shares
- Pre-Funded Warrants to purchase 887,553 shares
- Warrants to purchase shares at $1.20 exercise price
The offering price was set at $1.00 per share (or $0.99 for Pre-Funded Warrants with $0.01 exercise price). The Pre-Funded Warrants are immediately exercisable. R. F. Lafferty & Co. acted as exclusive placement agent. The company plans to use the net proceeds for general corporate purposes and working capital.
New Century Logistics (NASDAQ: NCEW), a Hong Kong-based freight forwarding service provider consulted by ATIF Holdings (NASDAQ: ZBAI), has successfully completed its IPO on the Nasdaq Exchange. The company offered 1,500,000 shares at $4.00 per share, aiming to raise $6,000,000. New Century provides comprehensive freight forwarding services, including cargo space sales, pick-up, security screening, palletization, documentation, customs clearance, and port handling. Trading commenced on December 18, 2024. ZBAI's CEO Jun Liu expressed enthusiasm about the listing, viewing it as both a recognition of past achievements and a stepping stone for future growth.
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