Park Ha Biological Technology Co., Ltd. Announces Pricing of US$2.45 Million Best-Efforts Follow-on Public Offering

Core Viewpoint - Park Ha Biological Technology Co., Ltd. has announced a follow-on public offering of 21,875,000 units at a price of US$0.112 per unit, aiming to raise approximately US$2.45 million for store expansion in China [1][3][4]. Group 1: Offering Details - Each unit consists of one Class A ordinary share and one warrant to purchase one Class A ordinary share at an exercise price of US$0.112, exercisable for one year from the issuance date [2]. - The offering is expected to close on or about January 28, 2026, pending customary closing conditions [4]. Group 2: Company Overview - Park Ha Biological Technology Co., Ltd. was established in 2016 and focuses on developing its private skincare label and direct sales of skincare products under the brand "Park Ha" [6]. - As of April 30, 2025, the company operates three directly operated stores and has 39 franchisees in China, providing a "light beauty experience" as a value-added service [6].