bingogamestoplayathome| Zhibao Technology (ZBAO.US): Additional stock issuance generated revenue of US$95,060, and total IPO raised US$6.0951 million

News summary

Zhibao Technology (ZBAObingogamestoplayathome.US) issued an additional 23,765 shares through the exercise of over-allotment options by underwritersbingogamestoplayathome, raised US$95,060, bringing total IPO funds to 609bingogamestoplayathome.510,000 dollars. EFHutton LLC is the bookrunner.

Newsletter text

On May 15, ZBAO.US announced that it would issue an additional 23,765 Class A ordinary shares at a price of US$4.00 per share based on the underwriters 'partial exercise of over-allotment options on the company's initial public offering (IPO).bingogamestoplayathomeAn additional $95,060 in revenue. The total proceeds raised from the IPO, including the exercise of the over-allotment option, were US$6.0951 million, net of issuance fees and underwriting discounts. The only bookrunner for this offering is EFHutton LLC. The exercise of this over-allotment option further enhanced the financial strength of Zhibao Technology and injected new vitality into its future development. Zhibao Technology stated that the funds raised will be mainly used for the company's R & D investment, market expansion and general corporate operations. Through the IPO and the exercise of over-allotment rights, the company has raised sufficient funds and laid a solid foundation for continued development in the future. The initial public offering of Zhibao Technology has attracted widespread attention in the capital market. As a technology company, the listing of Zhibao Technology is not only a milestone in the company's own development, but also a reflection of the capital market's continued attention and support for the technology sector. The company stated that it will continue to adhere to the innovation-driven development strategy and continuously improve its R & D capabilities and technical strength to meet the needs of the market and customers. As the bookrunner of this offering, EFHutton LLC is highly recognized by the company for its professional services and rich experience. EFHutton LLC has long been providing professional financial services to various companies. This cooperation with Zhibao Technology has further consolidated its position in the capital market. The successful listing of Zhibao Technology and the exercise of the over-allotment option have laid a solid foundation for the company's future development. The company stated that it will continue to adhere to the entrepreneurial spirit of innovation, professionalism and integrity, continuously improve its own strength, and create greater value for shareholders and society.