Core Viewpoint - Hang Feng Technology Innovation Co., Ltd. successfully completed its initial public offering, raising a total of $6,325,000, which will be utilized for business expansion and operational support [1][2]. Group 1: Offering Details - The underwriters exercised their option to purchase an additional 206,250 ordinary shares at a public offering price of $4.0 per share [1]. - The offering was conducted on a firm commitment basis, with Kingswood Capital Partners, LLC serving as the underwriter [2]. - The ordinary shares began trading on the Nasdaq Capital Market under the ticker symbol "FOFO" on September 12, 2025 [1]. Group 2: Use of Proceeds - Proceeds from the offering will be allocated to strengthen the corporate management consulting business, develop the asset management business, drive business expansion and strategic partnerships, and support general working capital and operations [1]. Group 3: Company Background - Hang Feng Technology Innovation Co., Ltd. is based in Hong Kong and provides comprehensive corporate management consulting and specialized asset management services [5]. - The company has been offering consulting services since 2023 through its subsidiary, Starchain Investment Trading Limited, focusing on strategic growth insights and regulatory compliance [5]. - In 2024, the company launched asset management services to cater to the growing demand for sophisticated solutions in managing corporate and individual capital portfolios [5].
Hang Feng Technology Innovation Co., Ltd. Announces Closing of Full Exercise of Underwriters’ Over-Allotment Option