Happy City Holdings Limited Announces Pricing of $5.5 million Initial Public Offering and Listing on Nasdaq

Core Viewpoint - Happy City Holdings Limited is set to launch its initial public offering (IPO) with the pricing of 1,100,000 Class A ordinary shares at $5.00 per share, aiming to raise approximately $5.5 million before expenses [1][3]. Group 1: Offering Details - The Class A Ordinary Shares are expected to begin trading on the Nasdaq Capital Market under the symbol "HCHL" on June 24, 2025, with the offering closing on June 25, 2025, pending customary conditions [2]. - The company has granted underwriters a 45-day option to purchase an additional 165,000 Class A Ordinary Shares, which could increase gross proceeds to approximately $6.325 million if exercised [3]. - The offering is being conducted on a firm commitment basis, with Dominari Securities LLC as the lead underwriter [5]. Group 2: Use of Proceeds - The net proceeds from the offering will be utilized for business expansion in Hong Kong and Southeast Asia, as well as for working capital and general corporate purposes [4]. Group 3: Company Overview - Happy City Holdings Limited operates three all-you-can-eat hotpot restaurants in Hong Kong, offering a unique dining experience with mixed style, Shabu Shabu-style, and Thai-style specialty hotpot [8].