Haoxi Health Technology Announces Successful Closing of $12 Million Public Offering
BEIJING, September 20, 2024 – Haoxi Health Technology Limited (HAO), a China-based online marketing solution provider, has announced the successful closing of its previously announced underwritten follow-on public offering, raising a total of $12 million.
The company offered 4,000,000 units at a price of $3.00 per unit. Each unit comprised one Class A Ordinary Share or pre-funded warrant, alongside Series A and Series B warrants. EF Hutton acted as the sole bookrunner for the offering, which was conducted on a firm commitment basis.
HAO has granted EF Hutton an option for 45 days post-closing to purchase up to 600,000 additional units, potentially increasing the total capital raised by the company. HAO plans to use the proceeds for business expansion and technology investments within the healthcare industry.
Zhen Fan, Chairman and CEO of HAO, stated, “We are pleased to close this offering and appreciate the continued support and market recognition as we execute our business plan. The proceeds provided by this offering will help facilitate our continued business expansion and technologies investment in healthcare industry.”
The registration statement related to the offering was filed with the U.S. Securities and Exchange Commission (SEC) and declared effective on September 19, 2024.
This offering is not an offer to sell, nor a solicitation of an offer to buy these securities in any jurisdiction where such an offer would be unlawful.
About Haoxi Health Technology Limited
Haoxi Health Technology Limited is a Beijing-headquartered online marketing solution provider in China, specializing in serving healthcare industry advertiser clients. The Company’s growth is driven by the rise of news feed ads and the rapid development of the healthcare sector. The Company offers one-stop online marketing solutions, especially in online short video marketing, helping advertisers acquire and retain customers on popular platforms in China, such as Toutiao, Douyin, WeChat, and Sina Weibo.
Contact Information:
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Underwriter: EF Hutton LLC Ms. Stephanie Hu, Head of Asia, Investment Banking Email: syndicate@efhutton.com
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Investor Relations WFS Investor Relations Inc. Janice Wang, Managing Partner Email: services@wealthfsllc.com Phone: +86 13811768599, +1 628 283 9214
