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Rich Sparkle Holdings Limited Announces Closing of Approximately $5 Million Initial Public Offering
Globenewswire· 2025-07-09 20:30
Company Overview - Rich Sparkle Holdings Limited is a financial printing and corporate services provider specializing in high-quality financial print materials in Hong Kong [7] - The company's service portfolio includes listing documents, financial reports, fund documents, circulars, and announcements, along with advisory services such as internal control assessments and ESG performance evaluations [7] Initial Public Offering (IPO) Details - The company closed its initial public offering of 1,250,000 ordinary shares at a public offering price of $4.00 per share, resulting in total gross proceeds of $5 million before underwriting discounts and commissions [1] - The offering was conducted on a firm commitment basis, with Eddid Securities USA Inc. acting as the underwriter [3] - The ordinary shares commenced trading on the Nasdaq Capital Market under the ticker symbol "ANPA" on July 8, 2025 [2] Use of Proceeds - Proceeds from the offering will be allocated for incorporating generative AI features into service modules, establishing new branches and offices in the U.S., recruiting staff for expansion, forming strategic alliances, and general corporate purposes [1]
Rich Sparkle Holdings Limited Announces Pricing of Approximately $5 Million Initial Public Offering
Globenewswire· 2025-07-07 20:30
Company Overview - Rich Sparkle Holdings Limited is a financial printing and corporate services provider specializing in high-quality financial print materials in Hong Kong [5] - The company's service portfolio includes listing documents, financial reports, fund documents, circulars, and announcements, along with advisory services such as internal control assessments and ESG performance evaluations [5] Initial Public Offering (IPO) Details - The company announced the pricing of its initial public offering of 1,250,000 ordinary shares at a public offering price of $4.00 per share, expecting to receive approximately $5 million in gross proceeds [1] - The ordinary shares have been approved for listing on the Nasdaq Capital Market and are set to commence trading on July 8, 2025, under the ticker symbol "ANPA" [1] - Proceeds from the offering will be allocated for incorporating generative AI features, establishing new branches in the U.S., recruiting staff, forming strategic alliances, and general corporate purposes [1] Underwriting and Legal Counsel - The offering is being conducted on a firm commitment basis, with Eddid Securities USA Inc. acting as the underwriter [2] - Loeb & Loeb LLP is serving as counsel to the company, while Sichenzia Ross Ference Carmel LLP is counsel to the underwriter [2] Regulatory Filings - A registration statement on Form F-1 relating to the offering was filed with the SEC and declared effective on June 27, 2025 [3] - The offering is being made only by means of a prospectus, which can be obtained from Eddid Securities USA Inc. or via the SEC's website [3]