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CDT Environmental Technology Investment Holdings Limited Announces Closing of Initial Public Offering
Newsfilter· 2024-04-22 17:33
Core Viewpoint - CDT Environmental Technology Investment Holdings Limited has successfully completed its initial public offering, raising $6 million through the sale of 1,500,000 ordinary shares at a price of $4.00 per share, with trading commencing on Nasdaq under the ticker symbol "CDTG" [1][2]. Company Overview - CDT is a waste treatment company based in Shenzhen, China, specializing in the design, development, manufacturing, sale, installation, operation, and maintenance of sewage treatment systems, as well as providing sewage treatment services [4]. Offering Details - The offering was conducted on a firm commitment basis, with all ordinary shares being offered by CDT. WestPark Capital, Inc. acted as the sole book-running manager for the offering [1][2]. - CDT has granted underwriters a 45-day option to purchase an additional 225,000 ordinary shares at the initial public offering price to cover over-allotments [2]. - The registration statement for the offering was filed with the U.S. Securities and Exchange Commission and declared effective on March 29, 2024 [2].