In conjunction with the Reverse Share Split, the Company also amended its Memorandum of Association to proportionately reduce the number of authorized shares for issuance and to adjust the par value of the post- reverse share split ordinary shares to $0.025 per share. Nanjing, China, July 28, 2025 (GLOBE NEWSWIRE) -- Ostin Technology Group Co., Ltd. ("the Company") (NASDAQ:OST), a leading supplier of display modules and polarizers based in China, today announced that it has resolved to effect a reverse shar ...

Core Viewpoint - Univest Securities, LLC has successfully closed a registered direct offering for Ostin Technology Group Co., Ltd., raising approximately $5 million through the sale of 41,666,667 Class A ordinary shares at a price of $0.12 per share [1][2][3]. Group 1: Offering Details - The offering involved a single institutional investor purchasing an aggregate of 41,666,667 Class A ordinary shares or pre-funded warrants at a purchase price of $0.12 per share [2]. - The gross proceeds from this offering amounted to approximately $5 million [3]. - The offering was conducted under a shelf registration statement on Form F-3, which was declared effective by the SEC on May 28, 2024 [4]. Group 2: Company Background - Ostin Technology Group Co., Ltd. is a supplier of display modules and polarizers based in China, founded in 2010 [7]. - The company specializes in designing, developing, and manufacturing TFT-LCD display modules used in consumer electronics, outdoor LCD displays, and automotive displays [7]. - Ostin also manufactures polarizers that are utilized in its TFT-LCD display modules [7]. Group 3: Univest Securities Overview - Univest Securities, LLC is a full-service investment bank and securities broker-dealer firm based in New York, registered with FINRA since 1994 [6]. - The firm has raised over $1.3 billion in capital for issuers globally since 2019 and has completed approximately 100 transactions across various industries [6].

Group 1 - The Company, Ostin Technology Group Co., Ltd., has entered into a definitive agreement for the purchase and sale of 41,666,667 Class A ordinary shares at a price of $0.12 per share, resulting in expected gross proceeds of approximately $5 million [1][2]. - The transaction is anticipated to close on or about July 1, 2025, pending customary closing conditions [2]. - The offering is conducted under a shelf registration statement previously filed with the SEC, which was declared effective on May 28, 2024 [3]. Group 2 - Ostin Technology Group, founded in 2010, specializes in the design, development, and manufacturing of TFT-LCD display modules and polarizers, primarily for consumer electronics, outdoor LCD displays, and automotive displays [5].

Core Viewpoint - Ostin Technology Group Co., Ltd. has addressed recent abnormal stock price fluctuations, stating that there are no undisclosed material matters and cautioning investors to rely on official statements and filings with the U.S. Securities and Exchange Commission [1]. Company Overview - Ostin Technology Group Co., Ltd. was founded in 2010 and is a supplier of display modules and polarizers in China [2]. - The company designs, develops, and manufactures TFT-LCD display modules in various sizes, primarily for consumer electronics, outdoor LCD displays, and automotive displays [2]. - Additionally, Ostin Technology produces polarizers used in TFT-LCD display modules [2]. Investor Communication - The company has indicated that it does not intend to make further statements regarding the recent stock price fluctuations [1]. - Investors are advised to refer to the company's official communications for accurate information [1].