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ZJK Industrial announced the partial exercise of its IPO over-allotment option, with underwriters purchasing an additional 131,249 ordinary shares at $5.00 per share. The total offering reached 1,381,249 shares, generating gross proceeds of approximately $6.91 million. The company began trading on Nasdaq under 'ZJK' on September 30, 2024. Proceeds will fund manufacturing facility expansion, North American sales network growth, potential acquisitions in the fasteners industry, and general corporate purposes. The offering was underwritten by Cathay Securities, Revere Securities, and Dominari Securities.
ZJK Industrial Co., (Nasdaq: ZJK) has successfully closed its initial public offering (IPO) of 1,250,000 ordinary shares at $5.00 per share, raising $6.25 million in gross proceeds. The company's shares began trading on the Nasdaq Capital Market on September 30, 2024. ZJK, a high-tech enterprise specializing in precision fasteners and metal parts for new energy vehicles and intelligent electronic equipment, plans to use the net proceeds for:
- Expanding manufacturing facilities
- Expanding sales network in North America
- Potential acquisitions in the fasteners field
- General corporate purposes and working capital
The IPO was conducted on a firm commitment basis, with Cathay Securities, Inc. as the representative underwriter, joined by Revere Securities and Dominari Securities
ZJK Industrial Co., , a high-tech enterprise specializing in precision fasteners and metal parts for new energy vehicles and intelligent electronic equipment, has announced the pricing of its initial public offering (IPO). The company is offering 1,250,000 ordinary shares at US$5.00 per share, aiming to raise US$6.25 million in gross proceeds. The shares are set to begin trading on the Nasdaq Capital Market under the ticker symbol "ZJK" on September 30, 2024.
The IPO is expected to close around October 1, 2024, with underwriters granted a 30-day option to purchase up to 187,500 additional shares. Proceeds will fund manufacturing expansion, North American sales network growth, potential acquisitions, and general corporate purposes. Cathay Securities, Inc. is leading the underwriting, with Revere Securities and Dominari Securities also participating.
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