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Leishen Energy Holding (Nasdaq: LSE), a Chinese clean-energy equipment provider for the oil and gas industry, announced the closure of its over-allotment option, selling an additional 150,000 ordinary shares at $4.00 per share. This follows their initial public offering (IPO) and brings their total gross proceeds to $6.1 million, including the previously announced $5.5 million from the IPO.
The offering was made through a Form F-1 registration statement declared effective by the SEC on December 18, 2024. The shares were offered through Dominari Securities , with detailed prospectus information available through their office or the SEC's website.
Leishen Energy Holding (Nasdaq: LSE) has completed its initial public offering, raising $5.5 million through the sale of 1,375,000 ordinary shares at $4.00 per share. Trading began on the Nasdaq Capital Market on December 19, 2024, under the symbol 'LSE'. The company granted underwriters a 45-day option to purchase up to 206,250 additional shares.
The net proceeds will fund the construction of a high-tech manufacturing industrial park in Nanjing Lishui High-tech Development Zone, establish a smart manufacturing and new energy R&D center, purchase equipment and patented technologies, expand presence in PRC Southwest oil and gas market, and strengthen working capital. Dominari Securities led the underwriting, with Revere Securities as co-underwriter.
Leishen Energy Holding, a Chinese clean-energy equipment provider for the oil and gas industry, has announced the pricing of its initial public offering of 1,375,000 ordinary shares at $4.00 per share. The company expects to raise $5.5 million in gross proceeds and will begin trading on the Nasdaq Capital Market on December 19, 2024, under the symbol 'LSE'.
The underwriters have a 45-day option to purchase up to 206,250 additional shares. Proceeds will fund the construction of a high-tech manufacturing park in Nanjing, establish an R&D center, purchase equipment and technologies, expand presence in PRC Southwest oil and gas market, and strengthen working capital. The offering is expected to close on December 20, 2024.
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