Leishen Energy Holding Co., Ltd. Announces Partial Exercise of the Underwriters鈥� Over-Allotment Option in Connection with its Initial Public Offering
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), un fornitore cinese di attrezzature per l'energia pulita destinato all'industria del petrolio e del gas, ha annunciato la chiusura della sua opzione di over-allotment, vendendo ulteriori 150.000 azioni ordinarie a $4,00 per azione. Questo segue la loro offerta pubblica iniziale (IPO) e porta il loro totale dei proventi lordi a $6,1 milioni, inclusi i precedentemente annunciati $5,5 milioni dall'IPO.
L'offerta 猫 stata effettuata tramite una dichiarazione di registrazione Form F-1 dichiarata efficace dalla SEC il 18 dicembre 2024. Le azioni sono state offerte tramite Dominari Securities, con informazioni dettagliate sul prospetto disponibili presso il loro ufficio o sul sito web della SEC.
Leishen Energy Holding (Nasdaq: LSE), un proveedor chino de equipos de energ铆a limpia para la industria del petr贸leo y gas, anunci贸 el cierre de su opci贸n de sobreasignaci贸n, vendiendo 150,000 acciones ordinarias adicionales a $4.00 por acci贸n. Esto sigue a su oferta p煤blica inicial (IPO) y eleva su total de ingresos brutos a $6.1 millones, incluidos los $5.5 millones previamente anunciados de la IPO.
La oferta se realiz贸 a trav茅s de una declaraci贸n de registro Form F-1 declarada efectiva por la SEC el 18 de diciembre de 2024. Las acciones se ofrecieron a trav茅s de Dominari Securities, con informaci贸n detallada del prospecto disponible a trav茅s de su oficina o en el sitio web de la SEC.
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Leishen Energy Holding (Nasdaq: LSE), un fournisseur chinois d'茅quipements d'茅nergie propre pour l'industrie p茅troli猫re et gazi猫re, a annonc茅 la cl么ture de son option de surallocation, vendant 150 000 actions ordinaires suppl茅mentaires 脿 4,00 $ par action. Cela fait suite 脿 leur introduction en bourse (IPO) et porte leur montant total des produits bruts 脿 6,1 millions de dollars, y compris les 5,5 millions de dollars annonc茅s pr茅c茅demment de l'introduction en bourse.
L'offre a 茅t茅 r茅alis茅e par le biais d'une d茅claration d'enregistrement Form F-1 d茅clar茅e effective par la SEC le 18 d茅cembre 2024. Les actions ont 茅t茅 propos茅es par Dominari Securities, avec des informations d茅taill茅es sur le prospectus disponibles aupr猫s de leur bureau ou sur le site Web de la SEC.
Leishen Energy Holding (Nasdaq: LSE), ein chinesischer Anbieter von sauberen Energietechnologien f眉r die 脰l- und Gasindustrie, hat den Abschluss seiner 脺berallotierungsoption angek眉ndigt und weitere 150.000 Stammaktien zu einem Preis von $4,00 pro Aktie verkauft. Dies folgt auf ihren B枚rsengang (IPO) und erh枚ht ihre gesamten Bruttoeinnahmen auf $6,1 Millionen, einschlie脽lich der zuvor angek眉ndigten $5,5 Millionen aus dem IPO.
Die Angebot wurde durch eine beim SEC am 18. Dezember 2024 f眉r wirksam erkl盲rte Form F-1-Registrierungsanmeldung durchgef眉hrt. Die Aktien wurden 眉ber Dominari Securities angeboten, mit detaillierten Prospekthinweisen, die in ihrem B眉ro oder auf der Website der SEC erh盲ltlich sind.
- Successfully raised additional $600,000 through over-allotment option
- Total IPO proceeds reached $6.1 million gross
- Complete exercise of over-allotment indicates strong market demand
- Proceeds are before deducting underwriting costs and offering expenses
- Additional share issuance creates dilution for existing shareholders
Insights
The partial exercise of the over-allotment option demonstrates moderate market interest in LSE's IPO. The additional
The timing of this IPO is notable, coming amid challenging market conditions for Chinese companies listing in the US. The small offering size and partial greenshoe exercise indicate a conservative approach to market entry, likely designed to maintain price stability while establishing a public market presence. For context, typical Nasdaq IPOs often raise significantly larger amounts, making this a micro-cap offering that may face liquidity challenges.
The clean-energy equipment focus could attract ESG-minded investors, but the small float and market cap may limit institutional participation. Investors should note that smaller IPOs historically show higher volatility and wider bid-ask spreads in early trading.
LSE's position as a clean-energy equipment provider for the oil and gas industry represents an interesting market niche, targeting the growing demand for environmentally conscious solutions in traditional energy sectors. The modest IPO size suggests the company is likely in early growth stages, with the capital raise potentially funding expansion of their equipment manufacturing capabilities or R&D initiatives.
The Chinese clean energy equipment market is experiencing rapid growth, driven by national environmental policies and industry modernization efforts. However, LSE's small capital raise may limit their ability to capture significant market share against larger, established competitors. The
Beijing, China, Jan. 08, 2025 (GLOBE NEWSWIRE) -- Leishen Energy Holding Co., Ltd. (the 鈥淐ompany鈥�), (Nasdaq: LSE), a China-based provider of clean-energy equipment and integrated solutions for the oil and gas industry, today announced that it closed the sale of an additional 150,000 ordinary shares of the Company, pursuant to the partial exercise of the underwriters鈥� over-allotment option granted in connection with the Company鈥檚 initial public offering, at the IPO price of
The shares described above were 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听听or from the SEC鈥檚 website at听.
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 shall not constitute an offer to sell or the solicitation of an offer to buy the securities described herein, nor shall there be any sale of these 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 any such state or jurisdiction.
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:听.
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:
Investor Relations Department
贰尘补颈濒:听听
FAQ
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When was Leishen Energy's (LSE) registration statement declared effective by the SEC?
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