Leishen Energy Holding Co., Ltd. Announces Closing of $5,500,000 Initial Public Offering
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 (Nasdaq: LSE) ha completato la sua offerta pubblica iniziale, raccogliendo 5,5 milioni di dollari attraverso la vendita di 1.375.000 azioni ordinarie a 4,00 dollari per azione. Le contrattazioni sono iniziate sul Nasdaq Capital Market il 19 dicembre 2024, sotto il simbolo 'LSE'. L'azienda ha concesso ai sottoscrittori un'opzione di 45 giorni per acquistare fino a 206.250 azioni aggiuntive.
Il capitale netto sar脿 utilizzato per finanziare la costruzione di un parco industriale di produzione ad alta tecnologia nella Zona di Sviluppo High-tech di Nanchino Lishui, istituire un centro di ricerca e sviluppo per la smart manufacturing e le nuove energie, acquistare attrezzature e tecnologie brevettate, espandere la presenza nel mercato del petrolio e del gas del Sud-ovest della RPC e rafforzare il capitale circolante. Dominari Securities ha guidato l'emissione, con Revere Securities come co-sottoscrittore.
Leishen Energy Holding (Nasdaq: LSE) ha completado su oferta p煤blica inicial, recaudando 5.5 millones de d贸lares a trav茅s de la venta de 1.375.000 acciones ordinarias a 4.00 d贸lares por acci贸n. Las operaciones comenzaron en el Nasdaq Capital Market el 19 de diciembre de 2024, bajo el s铆mbolo 'LSE'. La compa帽铆a otorg贸 a los suscriptores una opci贸n de 45 d铆as para comprar hasta 206,250 acciones adicionales.
Los fondos netos se utilizar谩n para financiar la construcci贸n de un parque industrial de fabricaci贸n de alta tecnolog铆a en la Zona de Desarrollo Tecnol贸gico de Nanjing Lishui, establecer un centro de I+D en fabricaci贸n inteligente y nuevas energ铆as, adquirir equipos y tecnolog铆as patentadas, expandir la presencia en el mercado de petr贸leo y gas del suroeste de la RPC y fortalecer el capital de trabajo. Dominari Securities lider贸 la suscripci贸n, con Revere Securities como co-suscriptor.
Leishen Energy Holding (Nasdaq: LSE)電 1,375,000欤茧ゼ 欤茧嫻 4.00雼煬鞐 韺愲Г頃橃棳 550毵 雼煬鞚 鞛愱笀鞚 氇笀頃橂┌ 齑堦赴 瓿惦毳 鞕勲頄堨姷雼堧嫟. 瓯半灅電 2024雲 12鞗 19鞚 'LSE'霛茧姅 旮绊樃搿 Nasdaq 鞛愲掣 鞁滌灔鞐愳劀 鞁滌瀾霅橃棃鞀惦媹雼. 須岇偓電 鞚胳垬鞚胳棎瓴 206,250欤检潣 於旉皜 甑Г毳 鞙勴暅 45鞚 鞓奠厴鞚 攵鞐枅鞀惦媹雼.
靾滌垬鞚奠潃 雮滌 毽垬鞚 觳嫧 臧滊皽 甑棴鞐 瓿犼笁 鞝滌“ 靷办梾 雼毳 瓯挫劋頃橁碃, 鞀る韸 鞝滌“ 氚 靸堧鞖 鞐愲剤歆 鞐瓣惮 臧滊皽 靹柬劙毳 靹る頃橁碃, 鞛ル箘 氚 韸鬼棃 旮办垹鞚 甑Г頃橁碃, 欷戧淡 靹滊偍攵 靹濎湢 氚 臧鞀 鞁滌灔鞐愳劀鞚 鞛呾毳 頇曥灔頃橂┌, 鞖挫榿 鞛愲掣鞚 臧曧檾頃橂姅 雿 靷毄霅 瓴冹瀰雼堧嫟. Dominari Securities臧 鞚胳垬 鞐呺毳 鞚措亴瓿 Revere Securities臧 瓿惦彊 鞚胳垬鞚胳溂搿 彀胳棳頄堨姷雼堧嫟.
Leishen Energy Holding (Nasdaq: LSE) a termin茅 son introduction en bourse, levant 5,5 millions de dollars gr芒ce 脿 la vente de 1 375 000 actions ordinaires 脿 4,00 dollars par action. Les transactions ont commenc茅 sur le Nasdaq Capital Market le 19 d茅cembre 2024, sous le symbole 'LSE'. L'entreprise a accord茅 aux souscripteurs une option de 45 jours pour acheter jusqu'脿 206 250 actions suppl茅mentaires.
Les produits nets seront utilis茅s pour financer la construction d'un parc industriel de fabrication haute technologie dans la zone de d茅veloppement technologique de Nanjing Lishui, 茅tablir un centre de R&D sur la fabrication intelligente et les nouvelles 茅nergies, acheter des 茅quipements et des technologies brevet茅es, 茅tendre sa pr茅sence sur le march茅 p茅trolier et gazier du Sud-Ouest de la RPC et renforcer son fonds de roulement. Dominari Securities a dirig茅 l'茅mission, avec Revere Securities en tant que co-souscripteur.
Leishen Energy Holding (Nasdaq: LSE) hat sein 枚ffentliches Angebot abgeschlossen und 5,5 Millionen Dollar durch den Verkauf von 1.375.000 Stammaktien zu 4,00 Dollar pro Aktie eingesammelt. Der Handel begann am 19. Dezember 2024 an der Nasdaq Capital Market unter dem Symbol 'LSE'. Das Unternehmen gew盲hrt den Emissionsbanken eine 45-t盲gige Option zum Kauf von bis zu 206.250 zus盲tzlichen Aktien.
Die Nettoerl枚se werden verwendet, um den Bau eines hochmodernen Fertigungsindustriparks in der Nanjing Lishui High-tech Entwicklungszone zu finanzieren, ein Forschungs- und Entwicklungszentrum f眉r intelligente Fertigung und neue Energien einzurichten, Ausr眉stungen und patentierte Technologien zu erwerben, die Pr盲senz im 脰l- und Gassektor im S眉dwesten der VR China auszubauen und das Betriebskapital zu st盲rken. Dominari Securities f眉hrte die Zeichnung, w盲hrend Revere Securities als Co-Underwriter agierte.
- Successfully raised $5.5 million through IPO
- Secured listing on Nasdaq Capital Market
- Clear allocation plan for proceeds targeting growth initiatives
- Potential for additional capital through underwriters' option
- Relatively small IPO size might limit growth potential
- Potential dilution if underwriters exercise additional share option
Insights
This IPO represents a strategic move for Leishen Energy, but the relatively modest raise of
The planned allocation of proceeds toward manufacturing infrastructure and R&D demonstrates a growth-oriented strategy, particularly in China's expanding oil and gas market. However, investors should note that small-cap Chinese IPOs have historically shown high volatility and regulatory risks. The 45-day underwriter option for additional shares could provide some price stability mechanism if exercised.
Leishen Energy's market positioning at the intersection of clean energy and traditional oil & gas infrastructure represents a pragmatic approach to energy transition. The focus on the PRC Southwest oil and gas market indicates targeting a specific growth region where modernization of energy infrastructure is needed. The planned high-tech manufacturing facility in Nanjing Lishui High-tech Development Zone could strengthen domestic supply chains, though the IPO proceeds may necessitate additional funding rounds.
The smart manufacturing and new energy R&D center initiative suggests a long-term commitment to technological advancement, but the modest capital raise may constrain the scope and pace of innovation. The company's strategy aligns with China's dual goals of energy security and environmental sustainability, though execution capabilities remain to be proven.
The timing and structure of this IPO reflect current market conditions for Chinese companies listing in the US. The
The 45-day option for underwriters to purchase additional shares at the IPO price provides flexibility for market stabilization, though the small size of the potential additional float (
Beijing, China, Dec. 20, 2024 (GLOBE NEWSWIRE) -- Leishen Energy Holding Co., Ltd. (the 鈥淐ompany鈥 or 鈥淟eishen Energy鈥) (Nasdaq: LSE), a China-based provider of clean-energy equipment and integrated solutions for the oil and gas industry, today announced the closing of its initial public offering (the 鈥淥ffering鈥) of 1,375,000 ordinary shares (鈥淪hares鈥) at a public offering price of
The Company received aggregate gross proceeds of
The Company intends to use the net proceeds of the Offering for the construction of a high-tech manufacturing industrial park in the Nanjing Lishui High-tech Development Zone, PRC, for the establishment of its smart manufacturing and new energy R&D center, for the purchase of business equipment and other patented technologies, to strengthen and expand our presence in the PRC Southwest oil and gas market, and to bolster its working capital.
The offering was conducted on a firm commitment basis. Dominari Securities LLC acted as lead underwriter and Revere Securities LLC as co-underwriter (collectively, the 鈥渦nderwriters鈥) for the Offering. Sichenzia Ross Ference Carmel LLP acted as U.S. counsel to the Company for the Offering, and VCL Law LLP acted as counsel to the underwriters in connection with the Offering.
The Shares described above are offered by the Company pursuant to a registration statement on Form F-1, as amended (File Number: 333-282433), that was declared effective by the U.S. Securities and Exchange Commission (the 鈥淪EC鈥) on December 18, 2024. The Offering was made only by means of a prospectus, forming a part of the effective registration statement. A copy of the final prospectus relating to the Offering may be obtained from Dominari Securities LLC, 725 Fifth Avenue, 23rd Floor New York, NY 10022, Attention: Eric Newman, or by calling (212) 393-4500 or emailing or by logging on to the SEC鈥檚 website at .
Before you invest, you should read the prospectus and other documents the Company has filed or will file with the SEC for more complete information about the Company and the Offering. This press release shall not constitute an offer to sell, or the solicitation of an offer to buy any of the Company鈥檚 securities, nor shall such securities be offered or sold in the United States absent registration or an applicable exemption from registration, nor shall there be any offer, solicitation or sale of any of the Company鈥檚 securities in any state or jurisdiction in which such offers, solicitations or sales would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction. Any offers, solicitations, or offers to buy, or any sales of securities will be made in accordance with the registration requirements of the Securities Act of 1933, as amended.
About Leishen Energy Holding Co., Ltd.
The Leishen Group was founded in 2007 and is a China-based provider of clean-energy equipment and integrated solutions for the oil and gas industry, with a commitment to providing customers with high-performance, safe and cost-effective energy solutions. Our major lines of business include (i) sale of clean-energy industry; (ii) new energy production and operation; (iii) digitalization and integration equipment; and (iv) oil and gas engineering technical services. At present, the Group holds more than 70 patents and software copyrights, forming a comprehensive ecosystem of core technical capabilities. Currently, our business operations have expanded beyond the PRC to Central Asia, and Southeast Asia, and our service abilities and quality have been widely recognized and praised by foreign customers. Efficient, safe and energy-saving equipment combined with professional technical services have enabled our brand to gain positive attention and recognition from our customers and enabled us to become a well-known equipment and services provider in the oil and gas industry. For more information, please visit the Company鈥檚 website:聽.
Forward-Looking Statements
Certain statements in this announcement are forward-looking statements, including, but not limited to, the Company鈥檚 share offering. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company鈥檚 current expectations and projections about future events that 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 鈥渁im鈥, 鈥渁nticipate鈥, 鈥渂elieve鈥, 鈥渆stimate鈥, 鈥渆xpect鈥, 鈥済oing forward鈥, 鈥渋ntend鈥, 鈥渕ay鈥, 鈥減lan鈥, 鈥減otential鈥, 鈥減redict鈥, 鈥減ropose鈥, 鈥渟eek鈥, 鈥渟hould鈥, 鈥渨ill鈥, 鈥渨ould鈥 or other similar expressions in this press release. 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. 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鈥檚 registration statement and other filings with the SEC.
For more information, please contact:
Leishen Energy Holding Co., Ltd.
Investor Relations Department
Email:
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