Smart Logistics Global Limited Announces Pricing of Its Initial Public Offering

Core Viewpoint - Smart Logistics Global Limited (SLGB) has announced its initial public offering (IPO) of 1,000,000 ordinary shares at a price of $5.00 per share, aiming for total gross proceeds of $5,000,000, with trading expected to commence on October 15, 2025 under the ticker symbol "SLGB" [1][2]. Group 1: Offering Details - The IPO includes an over-allotment option for underwriters to purchase an additional 150,000 shares within 45 days from the closing date [2]. - The offering is set to close on October 16, 2025, pending customary closing conditions [2]. - The offering is being conducted on a firm commitment basis, with Craft Capital Management LLC as the lead underwriter and Revere Securities LLC as the co-manager [3]. Group 2: Use of Proceeds - The company plans to allocate 50% of the proceeds for infrastructure investments, 30% for working capital, and 20% for research and development expenses [3]. Group 3: Company Background - Smart Logistics Global Limited has been operating since 2018 as a B2B contract logistics provider in China, focusing on industrial raw materials transportation [6]. - The company offers tailored logistics solutions primarily through land-only transportation services for large institutional clients with long-term contracts [6]. - SLGB utilizes a proprietary Transportation Management System to optimize routes and equipment, and has invested in advanced logistics infrastructure, including a 110,000-square-meter smart logistics park in Jiangxi and seven full-truck load centers across China [6].