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STFS Announces Pricing of $8 Million Public Offering of Class A Ordinary Shares
GlobeNewswireยท 2025-07-03 11:42
Company Overview - STAR FASHION CULTURE HOLDINGS LIMITED is a content marketing solutions services provider focused on offering high-quality diversified services in China [5] - The company began operations on August 11, 2015, through its operating subsidiary, Xiamen Star Fashion Culture Media Co., Ltd. [5] Public Offering Details - The company announced a public offering of 20,000,000 Class A Ordinary Shares at a public offering price of $0.40 per share [1] - Gross proceeds from the offering are expected to be $8 million before deducting placement agent fees and other expenses [2] - The offering is expected to close on July 7, 2025, subject to customary closing conditions [2] Registration and Compliance - The securities were offered pursuant to a registration statement on Form F-1, which was declared effective by the SEC on July 1, 2025 [3] - A final prospectus relating to the offering will be filed with the SEC, and copies may be obtained from WestPark Capital, Inc. [3]