INLIF LIMITED Announces Pricing of US$8 Million Initial Public Offering
31 Décembre 2024 - 9:00PM
INLIF LIMITED (the “Company” or “INLIF”), a company engaged in the
research, development, manufacturing, and sales of injection
molding machine-dedicated manipulator arms, today announced the
pricing of its initial public offering (the “Offering”) of
2,000,000 ordinary shares at a public offering price of US$4.00 per
ordinary share. The ordinary shares have been approved for listing
on the Nasdaq Capital Market and are expected to commence trading
on January 2, 2025 under the ticker symbol “INLF.”
The Company expects to receive aggregate gross
proceeds of US$8 million from the Offering, before deducting
underwriting discounts and other related expenses. In addition, the
Company has granted the underwriters a 45-day option to purchase up
to an additional 300,000 ordinary shares at the public offering
price, less underwriting discounts. The Offering is expected to
close on or about January 3, 2025, subject to the satisfaction of
customary closing conditions.
Proceeds from the Offering will be used for (i)
the construction of a 5G digital intelligent equipment production
base; (ii) establishing 24 local marketing and service offices
within the PRC; (iii) the construction of an industrial robot and
automation application technology research and development center;
and (iv) working capital.
The Offering is being conducted on a firm
commitment basis. AC Sunshine Securities LLC acted as underwriter
for the Offering (the “Underwriter”). Hunter Taubman Fischer &
Li LLC is acting as U.S. securities counsel to the Company, and
iTKG Law LLC is acting as U.S. counsel to the Underwriter in
connection with the Offering.
A registration statement on Form F-1 relating to
the Offering was filed with the U.S. Securities and Exchange
Commission (the “SEC”) (File Number: 333-279569) and was declared
effective by the SEC on December 20, 2024. The Offering is being
made only by means of a prospectus, forming a part of the
registration statement. Copies of the prospectus relating to the
Offering may be obtained from AC Sunshine Securities LLC, Attn: 200
E. Robinson Street, Suite 295, Orlando, FL 32801, or by email at
prospectus@acsunshine.com, or by calling +1(689)-867-6218. In
addition, copies of the prospectus relating to the Offering may be
obtained via the SEC’s website at www.sec.gov.
Before you invest, you should read the
prospectus and other documents the Company has filed or will file
with the SEC for more information about the Company and the
Offering. This press release does not constitute an offer to sell,
or the solicitation of an offer to buy any of the Company’s
securities, nor shall there be any offer, solicitation or sale of
any of the Company’s securities in any state or jurisdiction in
which such offer, solicitation or sale would be unlawful prior to
registration or qualification under the securities laws of such
state or jurisdiction.
About INLIF LIMITED
Through its PRC operating entity, Ewatt Robot
Equipment Co. Ltd., established in September 2016, INLIF is engaged
in the research, development, manufacturing, and sales of injection
molding machine-dedicated manipulator arms. It is also a provider
of installation services and warranty services for manipulator
arms, and accessories and raw materials for manipulator arms. The
Company produces an extensive portfolio of injection molding
machine-dedicated manipulator arms, including transverse single and
double-axis manipulator arms, transverse and longitudinal
multi-axis manipulator arms, and large bullhead multi-axis
manipulator arms, all developed by itself. For more information,
please visit the Company’s website: ir.yiwate88.com.
Forward-Looking Statements
Certain statements in this announcement are
forward-looking statements, including, but not limited to, the
Company's proposed Offering. These forward-looking statements
involve known and unknown risks and uncertainties and are based on
the Company's current expectations and projections about future
events that the Company believes may affect its financial
condition, results of operations, business strategy and financial
needs, including the expectation that the Offering will be
successfully completed. Investors can find many (but not all) of
these statements by the use of words such as “approximates,”
“believes,” “hopes,” “expects,” “anticipates,” “estimates,”
“projects,” “intends,” “plans,” “will,” “would,” “should,” “could,”
“may” or other similar expressions in this prospectus. The Company
undertakes no obligation to update or revise publicly any
forward-looking statements to reflect subsequent occurring events
or circumstances, or changes in its expectations, except as may be
required by law. These statements are subject to uncertainties and
risks, including, but not limited to, the uncertainties related to
market conditions, and other factors discussed in the “Risk
Factors” section of the Registration Statement filed with the SEC.
Although the Company believes that the expectations expressed in
these forward-looking statements are reasonable, it cannot assure
you that such expectations will turn out to be correct, and the
Company cautions investors that actual results may differ
materially from the anticipated results and encourages investors to
review other factors that may affect its future results in the
Company's registration statement and other filings with the SEC.
Additional factors are discussed in the Company’s filings with the
SEC, which are available for review at www.sec.gov.
For more information, please
contact:
INLIF LIMITEDInvestor Relations
DepartmentEmail: ir@yiwate88.com
Ascent Investor Relations
LLCTina XiaoPhone: +1-646-932-7242Email:
investors@ascent-ir.com
INLIF (NASDAQ:INLF)
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