Linkage Global Inc Announces Pricing of $6,000,000 Initial Public Offering
19 12월 2023 - 8:20AM
Linkage Global Inc (the “Company” or “Linkage”), a cross-border
e-commerce integrated service company headquartered in Japan, today
announced the pricing of its initial public offering (the
"Offering") of 1,500,000 ordinary shares (the "Ordinary Shares") at
a public offering price of $4.00 per share for total gross proceeds
of $6,000,000, before deducting underwriting discounts and other
offering expenses. The Ordinary Shares have been approved for
listing on the Nasdaq Capital Market and are expected to commence
trading on December 19, 2023, under the ticker symbol "LGCB."
The Company has granted the underwriters an
option, exercisable within 45 days from the closing date of the
Offering, to purchase up to an additional 225,000 Ordinary Shares
at the public offering price, less underwriting discounts and
commissions, to cover the over-allotment option, if any.
The Offering is being conducted on a firm
commitment basis. The Company intends to use the proceeds from this
Offering 1) for technology research and development;
2) to further strengthen supply chain integration; 3) to
expand its manpower and talent pool; 4) to venture into the
Southeast Asian market; and 5) for working capital and other
general corporate purposes. The Offering is expected to close on
December 21, 2023, subject to the satisfaction of customary closing
conditions.
EF Hutton LLC (“EF Hutton”) is acting as sole
book-running manager for the Offering. Hunter Taubman
Fischer & Li LLC is acting as U.S. counsel to the Company,
and Ortoli Rosenstadt LLP is acting as U.S. counsel to EF Hutton in
connection with the Offering.
A registration statement on Form F-1 (File No.
333-274326) relating to the Offering, as amended, has been filed
with the U.S. Securities and Exchange Commission (the "SEC") and
was declared effective by the SEC on December 18, 2023. The
Offering is being made only by means of a prospectus, forming a
part of the registration statement. Copies of the final prospectus
related to the Offering may be obtained, when available, from EF
Hutton, Attn: Syndicate Department, 590 Madison Avenue, 39th Floor,
New York, NY 10022, or via email
at syndicate@efhutton.com or telephone at (212) 404-7002.
In addition, a copy of the final prospectus can also 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 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 Linkage Global Inc
Linkage Global Inc is a cross-border e-commerce
integrated services provider headquartered in Japan, with
operations in Japan, Hong Kong, and mainland China. The
Company has developed a comprehensive service system comprised of
two lines of business complementary to each other, including (i)
cross-border sales and (ii) integrated e-commerce services.
Cross-border sales operations were initially launched in 2011 in
Japan through the Company’s subsidiary, EXTEND CO., LTD. The
products sold in the Company’s cross-border sales business are
sourced from Japanese and Chinese manufacturers and brands,
together with the Company’s private label smart products. Linkage
also provides digital marketing solutions to its customers by
cooperating with Google and other channels. Since 2021, the Company
has started offering e-commerce operation training courses and
software support services. The mission of Linkage is to make
cross-border transactions easier. For more information, please
visit https://www.linkagecc.com/.
Forward-Looking Statement
This press release contains forward-looking
statements. Forward-looking statements include statements
concerning plans, objectives, goals, strategies, future events or
performances, underlying assumptions, and other statements that are
other than statements of historical facts. When the Company uses
words such as "may,” "will,” "intend," "should," "believe,"
"expect," "anticipate," "project," "estimate," or similar
expressions that do not relate solely to historical matters, it is
making forward-looking statements. These forward-looking statements
include, without limitation, the Company's statements regarding the
expected trading of its Ordinary Shares on the Nasdaq Capital
Market and the closing of the Offering. Forward-looking statements
are not guarantees of future performance and involve risks and
uncertainties that may cause the actual results to differ
materially from the Company's expectations discussed in the
forward-looking statements. These statements are subject to
uncertainties and risks including, but not limited to, the
uncertainties related to market conditions and the completion of
the initial public offering on the anticipated terms or at all, and
other factors discussed in the “Risk Factors” section of the
registration statement filed with the SEC. For these reasons, among
others, investors are cautioned not to place undue reliance upon
any forward-looking statements in this press release. Additional
factors are discussed in the Company's filings with the SEC, which
are available for review at www.sec.gov. The Company
undertakes no obligation to publicly revise these forward-looking
statements to reflect events or circumstances that arise after the
date hereof.
For more information, please
contact:
UnderwriterEF Hutton LLCMs. Stephanie Hu, Head
of Asia, Investment BankingEmail:syndicate@efhutton.com
Investor RelationsWFS Investor Relations
Inc.Connie Kang, PartnerEmail: ckang@wealthfsllc.comTel: +86
1381 185 7742
Linkage Global (NASDAQ:LGCB)
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Linkage Global (NASDAQ:LGCB)
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