Ostin Technology Group Announces Pricing of $5.0 million Registered Direct Offering

Core Viewpoint - Ostin Technology Group Co., Ltd. has entered into a securities purchase agreement to sell Class A ordinary shares and associated warrants, aiming to raise approximately $5.0 million in gross proceeds from the offering [3]. Group 1: Securities Offering Details - The company is offering 9,090,908 Class A ordinary shares at a combined price of $0.55 per share, along with two associated warrants for each share [1]. - Each warrant allows the purchase of one Class A ordinary share at an exercise price of $0.8, which will be immediately exercisable and will expire two years from the issuance date [2]. - The offering was closed on April 15, 2025, and the gross proceeds are expected to be approximately $5.0 million before deducting offering expenses [3]. Group 2: Regulatory Compliance - The securities offered are issued under a shelf registration statement on Form F-3, which was declared effective by the U.S. Securities and Exchange Commission on May 28, 2024 [4]. - A prospectus supplement related to the offering will be filed with the SEC, and copies will be available on the SEC's website [4]. Group 3: Company Overview - Ostin Technology Group, founded in 2010, specializes in the design, development, and manufacturing of TFT-LCD display modules and polarizers, primarily for consumer electronics, outdoor displays, and automotive applications [6].