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Eastern International Ltd. Announces Pricing of $6.4 Million Initial Public Offering
Globenewswireยท 2025-08-28 00:00
Company Overview - Eastern International Ltd. is a provider of domestic and cross-border professional logistic services, including project logistic and general logistic for clients [6] - The company operates through its wholly owned subsidiary, Suzhou TC-Link Logistics Co., Ltd., which was established in 2006 and has a network covering key cities in mainland China, Hong Kong, Southeast Asia, and Central Asia [6] Offering Details - Eastern International announced a public offering of 1,600,000 ordinary shares priced at $4.00 per share, with expected gross proceeds of approximately $6.4 million if the over-allotment option is not exercised [1][2] - The company has granted Maxim Group LLC a 45-day option to purchase an additional 240,000 shares at the initial public offering price [2] - The shares are expected to begin trading on the Nasdaq Capital Market under the ticker symbol "ELOG" on August 28, 2025, with the offering expected to close on August 29, 2025 [3] Regulatory Information - The offering is conducted pursuant to the Company's Registration Statement on Form F-1, which was declared effective by the U.S. Securities and Exchange Commission on August 27, 2025 [4]